SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

June 15, 2016 10:29 ET

INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Oracle Corporation of Class Action Lawsuit and a Lead Plaintiff Deadline of August 1, 2016 -- ORCL

NEW YORK, NY--(Marketwired - June 15, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Oracle Corporation ("Oracle") (NYSE: ORCL) between September 16, 2015 and June 1, 2016.

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Northern District of California. If you purchased or otherwise acquired Oracle securities between September 16, 2015 and June 1, 2016, your rights may be affected by this action. To get more information go to:

http://www.zlk.com/pslra/oracle-corporation

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that 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 Corporation 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.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com