NEW YORK, July 12, 2016 /PRNewswire/ -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Oracle Corporation (NYSE: ORCL) securities between September 16, 2015 and June 1, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/oracle-corporation. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Oracle used improper accounting practices to inflate the Company's cloud computing revenues by millions of dollars; (ii) Oracle violated certain laws and regulations when it terminated a senior finance manager for raising the Company's improper accounting practices to the attention of her supervisors; and (iii) as a result of the foregoing, Oracle's public statements were materially false and misleading at all relevant times.
On June 1, 2016, media outlets reported that Oracle's former senior finance manager, Svetlana Blackburn, is suing the Company for wrongful termination, alleging the Company terminated her employment after she complained about improper accounting practices in Oracle's cloud services business.
If you suffered a loss in Oracle you have until August 1, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/oracle-corporation.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
E-Mail: [email protected]
SOURCE The Law Offices of Vincent Wong