Search for: "In re Oracle Corporation Derivative Litigation" Results 1 - 20 of 50
Sort by Relevance | Sort by Date
RSS Subscribe: 20 results | 100 results
23 Mar 2024, 5:31 am by Rob Robinson
Each matter is unique – and we’re not in the business of shilling for any particular software provider. [read post]
3 Jul 2023, 6:30 am
The Delaware Court of Chancery issued its Post-Trial Memorandum Opinion in In Re Oracle Corporation Derivative Litigation on May 12, 2023. [1]  Despite having earlier held that Plaintiffs pled sufficient facts to allege that Larry Ellison was a conflicted controller of Oracle in its acquisition of NetSuite, the Court determined that the evidence at trial fell well short of proving control. [read post]
3 Jul 2023, 6:30 am
The Delaware Court of Chancery issued its Post-Trial Memorandum Opinion in In Re Oracle Corporation Derivative Litigation on May 12, 2023. [1]  Despite having earlier held that Plaintiffs pled sufficient facts to allege that Larry Ellison was a conflicted controller of Oracle in its acquisition of NetSuite, the Court determined that the evidence at trial fell well short of proving control. [read post]
25 Jun 2023, 6:31 am
The mere potential for a prominent, highly respected officer, director and minority holder to influence a board’s decision to approve a deal where the minority holder sits on both sides is insufficient to confer controller status and invoke entire fairness review, the Delaware Court of Chancery held post-trial in In re Oracle Corporation Derivative Litigation. [1] The May 2023 ruling by Vice Chancellor Glasscock also commends the… [read post]
25 Jun 2023, 6:31 am
The mere potential for a prominent, highly respected officer, director and minority holder to influence a board’s decision to approve a deal where the minority holder sits on both sides is insufficient to confer controller status and invoke entire fairness review, the Delaware Court of Chancery held post-trial in In re Oracle Corporation Derivative Litigation. [1] The May 2023 ruling by Vice Chancellor Glasscock also commends the… [read post]
3 Jan 2022, 12:39 pm by Kevin LaCroix
In addition to the securities lawsuits, there were also at least 14 SPAC-related derivative lawsuits filed in 2021; all of the derivative suits involved companies that were also hit with securities suits. [read post]
25 May 2021, 11:49 am by Kevin LaCroix
  The forum selection clause in Oracle’s by-laws provides that the Delaware Court of Chancery shall be the “sole and exclusive forum for any actual or purported derivative action brought on behalf of” Oracle. [read post]
1 Apr 2021, 5:00 am by John Jascob
Side D protects costs associated with internal investigations as a response to a shareholder derivative claim. [read post]
16 Feb 2021, 2:23 pm by Kevin LaCroix
2020 was an eventful year in the world of corporate and securities litigation. [read post]
4 Jan 2021, 1:26 pm by Kevin LaCroix
If the merger objection lawsuits are disregarded, the litigation rate translates to about 4.7%, which although below the record-level litigation rates during the period 2017 -2019 is still well above the 1996-2018 annual litigation rate of 3.0%. [read post]
7 Sep 2020, 2:06 pm by Kevin LaCroix
All of the companies hit with derivative suits are also involved in parallel securities litigation involving substantially the same allegations. [read post]
6 Jul 2020, 3:18 pm by Kevin LaCroix
However, regardless of what one may think of the use of this type of litigation to try to advance board diversity goals, it should be recognized there could be more lawsuits of this type and that lawsuits like to one just filed against the Oracle board may represent a new potential area of D&O litigation. [read post]