Market Overview

Federal Court Increases Damages Amount Oracle Can Seek Against Rimini Street


On July 24, 2015 a federal court ruled that Oracle (NYSE: ORCL) may expand the damages it seeks from Defendants Rimini Street and its founder and CEO Seth Ravin in Oracle's lawsuit against them for copyright infringement and related claims set for trial on September 14 in Las Vegas.

The court ruled that Oracle may seek damages "attributable... to the nearly two and a half years of continued litigation between the parties during which Rimini allegedly continued to engage in copyright infringement." This ruling will significantly increase Oracle's claimed damages beyond the more than $209 million it already sought.

In addition, contradicting Rimini's recent claim in a press release that it "looks forward to its day in court," the court observed that "defendants request the court postpone the pending trial." The court denied Rimini's motion as an "unreasonable delay of trial."

Posted-In: News


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