The lawsuit Against Oracle's Larry Ellison and Safra Catz lists Some Eye-Popping Allegations Behind the $9.3 Billion NetSuite Deal
Read Full Article
- Oracle is in the middle of an interesting lawsuit in which its own board committee has given approval for a shareholder-initiated lawsuit to proceed on behalf of the company against its chairman Larry Ellison, CEO Safra Catz and other board members.
- The suit alleges that Oracle's directors greatly overpaid when they crafted a deal to buy NetSuite for $9.3 billion in 2016.
- NetSuite is a company that Ellison cofounded and controlled with about a 40% stake...