The claims administration was completed in February 2024. On March 14, 2024, Counsel filed its Distribution Motion. The Court approved the motion on March 15, 2024. The initial distribution of the net settlement fund was conducted in May 2024. Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.

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.

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. A copy of the Notice can be found in the menu on the left of this page.

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.