When its first stock drop complaint against Oracle Corp. was thrown out, Lerach Coughlin Stoia Geller Rudman & Robbins went hunting for evidence against the software giant. The plaintiffs may have struck pay dirt. Citing a suspiciously well-timed sale of $900 million worth of company stock by Oracle CEO Lawrence Ellison and Oracle's improper accounting, the 9th Circuit reinstated a second complaint on Wednesday.
9th Circuit Pulls Oracle Into Lerach's Range
September 2, 2004