SOURCE: Oracle Corporation

Oracle Corporation

July 07, 2015 16:15 ET

Oracle Statement on Rimini Street Trial

REDWOOD SHORES, CA--(Marketwired - Jul 7, 2015) - A federal judge confirmed on July 1, 2015 that Oracle's (NYSE: ORCL) lawsuit against Rimini Street and its founder and CEO Seth Ravin will go to trial this September. 

In 2010 Oracle sued Rimini and Ravin alleging copyright infringement, computer fraud and related business torts. In February and August 2014, the Court granted summary judgment in Oracle's favor on its claim for infringement of Oracle's PeopleSoft and Database copyrights and concluded that the Oracle's claims for infringement of Siebel and JD Edwards copyrights should proceed to trial. In the same August 2014 order, the Court dismissed Rimini's defamation and unfair competition counterclaims, holding that within the context of Rimini's defamation allegations, Oracle's "statements . . . that Rimini engaged in 'massive theft' of Oracle's intellectual property are true." 

There are no active settlement discussions between the parties. Oracle seeks more than $200 million in damages and an injunction that would stop Rimini from continuing its current business model, which is based on infringing Oracle's intellectual property rights. 

"Oracle looks forward to the September trial in this case," said Dorian Daley, Oracle's General Counsel. "Oracle filed this lawsuit to stop Rimini's unlawful conduct. Even though the Court has found that Rimini's practices were infringing, Rimini and Ravin have not committed to stopping those practices. We look forward to presenting our case to the jury to protect Oracle's intellectual property rights."

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