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Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Oracle Corporation

October 2, 2018

LOS ANGELES--(BUSINESS WIRE)--Oct 2, 2018--National class action law firm Glancy Prongay & Murray LLP (“GPM”) reminds investors of the  October 9, 2018  deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Oracle Corporation (“Oracle” or the “Company”) (NYSE: ORCL ) securities between  May 10, 2017, and March 19, 2018,  inclusive (the “Class Period”). Oracle investors have until  October 9, 2018  to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click  here  to participate.

The complaint filed in this class action alleges that the Company made false and misleading statements to the market regarding the Company’s sales practices. Specifically, the complaint alleges that Oracle’s cloud revenues were driven, at least in part, by improper, coercive sales practices, which include: (1) threatening existing customers with “audits” of their use of Oracle’s non-cloud software licenses and levying expensive penalties against those customers, unless the customers agreed to shift their business to Oracle cloud programs; (2) decreasing customer support for certain Oracle on-premises or hardware systems, in an effort to drive customers away from such systems and into cloud-based systems; and (3) strong-arming customers by threatening to dramatically raise the cost of legacy database licenses if the customers choose another cloud provider.

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If you purchased shares of Oracle during the Class Period you may move the Court no later than October 9, 2018 to ask the Court to appoint you as lead. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002006110/en/

CONTACT: Glancy Prongay and Murray LLP, Los Angeles

Lesley Portnoy, 310-201-9150 or 888-773-9224

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2018.

PUB: 10/02/2018 05:59 PM/DISC: 10/02/2018 05:59 PM

http://www.businesswire.com/news/home/20181002006110/en

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