ORCL INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of Commencement of a Class Action Involving Oracle Corporation and a Lead Plaintiff Deadline of August 1, 2016

NEW YORK--(BUSINESS WIRE)--

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Oracle Corporation ORCL securities between September 16, 2015 and June 1, 2016.

Click here to learn about the case: http://www.wongesq.com/pslra/oracle-corporation. There is no cost or obligation to you.

According to the complaint, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Oracle used improper accounting practices to inflate the Company's cloud computing revenues by millions of dollars; (ii) Oracle violated certain laws and regulations when it terminated a senior finance manager for raising the Company's improper accounting practices to the attention of her supervisors; and (iii) as a result of the foregoing, Oracle's public statements were materially false and misleading at all relevant times.

On June 1, 2016, media outlets reported that Oracle's former senior finance manager, Svetlana Blackburn, is suing the Company for wrongful termination, alleging the Company terminated her employment after she complained about improper accounting practices in Oracle's cloud services business.

If you suffered a loss in Oracle you have until August 1, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/oracle-corporation.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

The Law Offices of Vincent Wong
Vincent Wong, Esq.
Tel. 212-425-1140
Fax. 866-699-3880
vw@wongesq.com

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!