NEW YORK--(BUSINESS WIRE)--
The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired
securities of Oracle Corporation ("Oracle") (NYSE: ORCL) between
September 16, 2015 and June 1, 2016.
You are hereby notified that a securities class action lawsuit
has been commenced in the USDC for the Northern District of California.
If you purchased or otherwise acquired Oracle securities between
September 16, 2015 and June 1, 2016, your rights may be affected by this
action. To get more information go to:
http://www.zlk.com/pslra/oracle-corporation
or contact Joseph E. Levi, Esq. either via email at [email protected]
or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.
The complaint alleges that 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 Corporation 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.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, California, Connecticut, and Washington D.C. The firm's
attorneys have extensive expertise and experience representing investors
in securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior results
do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160722005419/en/
