Market Overview

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Oracle Corporation Investors


National securities litigation law firm Glancy
Prongay & Murray LLP
("GPM") announces that a class action
lawsuit has been filed on behalf of investors that purchased or
otherwise acquired securities of Oracle Corporation ("Oracle" or the
"Company") (NYSE: ORCL)
between May 10, 2017, and March 19, 2018, inclusive (the
"Class Period"). Oracle investors have until October 9, 2018 to
file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

Investors that suffered losses on their Oracle investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to

The complaint filed in this class action alleges that the Company made
false and misleading statements to the market regarding the Company's
sales practices. Specifically, the complaint alleges that Oracle's cloud
revenues were driven, at least in part, by improper, coercive sales
practices, which include: (1) threatening existing customers with
"audits" of their use of Oracle's non-cloud software licenses and
levying expensive penalties against those customers, unless the
customers agreed to shift their business to Oracle cloud programs; (2)
decreasing customer support for certain Oracle on-premises or hardware
systems, in an effort to drive customers away from such systems and into
cloud-based systems; and (3) strong-arming customers by threatening to
dramatically raise the cost of legacy database licenses if the customers
choose another cloud provider.

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If you purchased shares of Oracle during the Class Period you may move
the Court no later than October 9, 2018 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to,
or visit our website at
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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