APPROACHING DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against Oracle Corporation and Reminds Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / July 26, 2016 / Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against Oracle Corporation (“Oracle” or the “Company”) (NYSE: ORCL). Investors who purchased or otherwise acquired shares between September 16, 2015 through June 1, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the
August 1, 2016 lead plaintiff motion deadline.

If you purchased shares of Oracle during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the Company made materially false and/or 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 dropped in value.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contacts

Joon M. Khang, Esq.

Telephone: 949-419-3834

Facsimile: 949-225-4474

joon@khanglaw.com

SOURCE: Khang & Khang LLP 

ReleaseID: 442861