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Oracle OKs Oracle investors to sue Oracle: Put NetSuite suit before a judge – board panel

Oracle OKs Oracle investors to sue Oracle: Put NetSuite suit before a judge – board panel

5 years ago
Anonymous $ZuTig1gZkQ

https://www.theregister.co.uk/2019/08/23/oracle_lawsuitsuit_netsuite/

Three members of Oracle's board of directors say a class-action lawsuit, filed against Oracle in the US by Oracle shareholders over Oracle's 2016 acquisition of NetSuite, should go forward.

In a filing to the Delaware Chancery Court [PDF], the three-person Special Litigation Committee – a group comprised of members from Oracle's board assigned to help mediate a settlement – says it believes that both sides of the legal brouhaha will benefit from the matter being aired in court.