Oracle Corporation Securities Litigation

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Oracle Corporation Securities Litigation
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The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

Lead Plaintiff Union Asset Management Holding AG, on behalf of itself and the Court-certified Class, has reached a settlement of this securities class action with Oracle Corporation (“Oracle”) and the other Defendants.

The Settlement provides a total recovery of $17,500,000 in cash for the benefit of the Class. On January 12, 2023, the Court held a hearing to consider final approval of the Settlement and related matters.  On January 13, 2023, the Court entered a final Judgment approving the Settlement and orders approving the Plan of Allocation and awarding attorney's fees and litigation expenses.

If you are a member of the Class, you are subject to the Settlement and you may be eligible for a payment from the Settlement, unless you requested to be excluded. The Class consists of:

All persons and entities who purchased or otherwise acquired the common stock of Oracle during the period from May 10, 2017 through June 20, 2018, inclusive (the “Class Period”), and who were damaged thereby.

Excluded from the Class are: (i) Defendants; (ii) Immediate Family Members of the Individual Defendants; (iii) any person who was an Officer or director of Oracle during the Class Period; (iv) any firm or entity in which any Defendant has or had a controlling interest; (v) parents or subsidiaries of Oracle; and (vi) the legal representatives, agents, heirs, beneficiaries, successors-in-interest, or assigns of any excluded person or entity, in their respective capacity as such.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu on the left of this page.

To be eligible to receive a payment under the Settlement, you must submit a Claim Form postmarked (if mailed) or submitted online no later than February 3, 2023.

Payments to eligible claimants will be made only after any appeals are resolved and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

Please read the Notice carefully.  If you have questions, you may call the Oracle Corporation Securities Litigation Help Line at 1-877-354-3810 or email info@OracleSecuritiesLitigation.com 


YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:

SUBMIT A CLAIM FORM POSTMARKED (IF MAILED), OR ONLINE, NO LATER THAN FEBRUARY 3, 2023.

This is the only way to be eligible to receive a payment from the Settlement. 

DO NOTHING.

Get no payment AND give up your rights to bring your own individual action.


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