NEW YORK, June 2, 2016 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Oracle Corporation ("Oracle" or the "Company") (NYSE: ORCL -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at email@example.com or 212-697-6484.
The investigation concerns whether Oracle and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 1, 2016, post-market, media outlets reported that Oracle's former senior finance manager had sued the Company for allegedly terminating her for complaining about improper accounting practices in Oracle's cloud services business. In a complaint filed in U.S. District Court in San Francisco, the former executive, Svetlana Blackburn, accused Oracle's upper management of trying to push her to "fit square data into round holes" to make Oracle Cloud Services' results look better. Blackburn's lawsuit accused Oracle of violating the anti-retaliation provisions of the federal Sarbanes-Oxley corporate governance and Dodd-Frank financial reform laws and alleged that Blackburn was terminated on October 15, 2015, just one month after the alleged wrongdoing began, and two months after she received a positive performance review.
Following this news, Oracle stock has fallen as much as $1.97, or 4.88%, to $38.29 during intraday trading on June 2, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of Oracle, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
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