Oracle

Purchasers of Oracle stock between May 10, 2017 and March 19, 2018.

Oracle stock.

The complaint alleges that defendants’ growth in its Cloud revenues were driven, in part, by improper, coercive sales practices, which include: (1) threatening existing customers with audits of their use of Oracle’s non-cloud software licenses and levying expensive penalties against those customers, unless the customers agreed to shift their business to Oracle cloud programs; (2) decreasing customer support for certain Oracle on-premises or hardware systems, in an effort to drive customers away from such systems and into cloud-based systems; and (3) strong-arming customers by threatening to dramatically raise the cost of legacy database licenses if the customers choose another cloud provider.

Class action on behalf all persons or entities who purchased or otherwise acquired securities of Oracle Corporation during the period from March 15, 2017 to June 19, 2018, pursuant to Sections 10(b), 20(a), and 20A of the Securities Exchange Act of 1934.