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7 Oct 2020, 2:04 pm
ByteDance would retain an 80 percent stake while the other 20 percent would be split between Walmart and Oracle, which would house TikTok Global’s U.S. user data. [read post]
6 Oct 2020, 1:37 pm
Huge corporations like Google can take those chances. [read post]
6 Oct 2020, 11:11 am
It’s predatory market practices of corporations that run tech that are the problem. [read post]
5 Oct 2020, 10:25 am
Oracle. [read post]
4 Oct 2020, 5:29 pm
Google needed an industrial-strength booster for its business because smartphones, especially the iPhone, were relentlessly eating its corporate lunch. [read post]
29 Sep 2020, 9:00 am
The shareholders who have brought the cases against the seven companies – Oracle, Facebook, Qualcomm, the Gap, NortonLifeLock, Cisco and Monster Beverage – seek to hold the board of directors and top executives at each corporation liable for making misleading statements about diversity, statements which have led to reputational and financial damage. [read post]
7 Sep 2020, 2:06 pm
The first five of these lawsuits – against the boards of Oracle (about which refer here), Facebook (here), Qualcomm (here), NortonLifeLock (here), and The Gap (here)– all were filed by the same law firm and all involved California-based companies. [read post]
3 Sep 2020, 3:51 pm
Clearly, at least the plaintiff lawyers involved so far have concluded that, in light of the current racial justice movement, these kinds of lawsuits represent an opportunity to pursue claims against corporate boards based on long-standing corporate practices – or perhaps long-standing corporate inaction. [read post]
2 Sep 2020, 2:54 pm
The lawsuit is substantially similar to the lawsuits filed by the same plaintiffs’ law firm against Oracle (here), Facebook (here), Qualcomm (here), and NortonLifeLock (here). [read post]
25 Aug 2020, 6:17 pm
Microsoft and Oracle are two of the suitors who have been named publicly. [read post]
25 Aug 2020, 6:00 am
July 9, 2020)After investigating certain potential derivative claims arising out of Oracle Corporation’s acquisition of NetSuite, Inc., and after trying unsuccessfully to settle those claims, Oracle’s Special Litigation Committee (“SLC”) agreed that permitting a derivative plaintiff to pursue those claims was in Oracle’s best interests. [read post]
12 Aug 2020, 8:01 am
Ten years--or 3653 days--ago, a wholly-owned subsidiary of Oracle Corporation named Oracle America, which until earlier that year was known as Sun Microsystems, filed a patent and copyright infringement complaint against Google in the Northern District of California (click on the image to enlarge; this post continues below the image): It was the first smartphone IP dispute (of many) this blog commented on in detail. [read post]
11 Aug 2020, 6:24 am
Earlier this month, three separate shareholder derivative lawsuits were filed in California federal court against the directors and officers of Oracle Corporation, Facebook, Inc., and Qualcomm, Inc., respectively. [read post]
6 Aug 2020, 2:44 pm
Qualcomm and Oracle were on the list, but Facebook and NortonLifeLock were not. [read post]
29 Jul 2020, 8:26 am
So while you may think that Oracle is a huge corporation, they aren’t to Google and that means Google treated them the same way that they treat artists and songwriters: Rob them blind and dare them to sue against Google’s weaponized version of fair use. [read post]
28 Jul 2020, 3:59 pm
Interoperability is corporate entropy. [read post]
25 Jul 2020, 6:07 am
A recent lawsuit by a shareholder of Oracle Corporation has opened a new line of attack on companies that have been slow to diversify their board membership and executive leadership team. [read post]
20 Jul 2020, 2:42 pm
The lawsuit against Qualcomm follows similar lawsuit filed earlier this month against Oracle and Facebook. [read post]
16 Jul 2020, 2:39 pm
In a recent post (here), I discussed the shareholder derivative suit filed against the board of directors of Oracle Corporation based on the alleged lack of racial diversity on the company’s board. [read post]
14 Jul 2020, 3:03 am
” As noted in the D&O Diary blog, these lawsuits show how concerns raised in the wake of current social unrest can indirectly lead to claims against corporate boards – saying activists are likely to bring further lawsuits against corporate boards as they seek to advance diversity objectives, introducing a potential new area of D&O litigation. [read post]
