Shareholder alert: levi & korsinsky, llp announces the commencement of an investigation into possible securities fraud violations by certain officers and directors of oracle corporation

New york--(business wire)--levi & korsinsky announces it has commenced an investigation of oracle corporation (“oracle” or the “company”) (nyse:orcl) concerning possible violations of federal securities laws. on june 1, 2016, media outlets reported that oracle’s former senior finance manager, svetlana blackburn, is suing the company for alleged wrongful termination, alleging the company terminated her employment after she complained about improper accounting practices in oracle’s cloud services business. in a complaint filed in u.s. district court in california, blackburn accuses oracle’s upper management of trying to push her to “fit square data into round holes” to make oracle cloud services’ results look better. she further alleges that her superiors told her to add millions of dollars of accruals for anticipated business “with no concrete or foreseeable billing to support the numbers.” to obtain additional information about the investigation, go to: http://zlk.9nl.com/oracle-orcl or contact eduard korsinsky, esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. 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 involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. attorney advertising. prior results do not guarantee similar outcomes.
ORCL Ratings Summary
ORCL Quant Ranking