In recently unsealed documents spelling out assertions that Oracle overcharged customers and used millions of dollars to offset other customers' bad debt accounts, a federal insider trading and shareholder fraud suit alleges that hundreds of e-mails and financial records, and even audio interviews with Oracle CEO Larry Ellison, vanished or were improperly withheld. A court showdown looms next month over the plaintiffs' request for default judgment as a sanction for alleged document destruction.
October 29, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In recently unsealed documents, a federal insider trading and shareholder fraud suit alleges that hundreds of e-mails and financial records, and even audio interviews with Oracle Corp. CEO Larry Ellison, vanished or were improperly withheld from plaintiffs.
Lawyers for Oracle have strenuously denied the accusations, contained in thousands of pages of documents unsealed at the request of The National Law Journal.
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