AUGUST 1, 2016 DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit against Oracle Corporation and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 28, 2016 / Lundin Law PC announces a class action lawsuit has been filed against Oracle Corporation (“Oracle” or the “Company”) (NYSE: ORCL) concerning possible violations of federal securities laws between September 16, 2015 and June 1, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the August 1, 2016 lead plaintiff motion
deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the complaint, the Company made materially false and misleading statements to investors and/or failed to disclose that Oracle used improper accounting methods to inflate the Company’s cloud computing revenues; and that the Company violated the law when terminating senior finance manager Svetlana Blackburn for raising the Company’s improper accounting practices to the attention of supervisors. As a result of the above, Oracle’s public statements were materially false and misleading at all relevant times. On June 1, 2016, the media reported that Ms. Blackburn sued the Company for her termination. When this news was announced, shares of Oracle fell in value.

Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.

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

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 442959