San Diego, CA -- (SBWIRE) -- 08/30/2018 -- An investor, who purchased shares of Oracle Corporation (NYSE: ORCL), filed a lawsuit over alleged violations of Federal Securities Laws by Oracle Corporation.

Investors who purchased shares of Oracle Corporation (NYSE: ORCL) have certain options and for certain investors are short and strict deadlines running. Deadline: October 9, 2018. NYSE: ORCL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that between May 10, 2017 and March 19, 2018, the Defendants falsely attributed the Company's revenue growth in its cloud segment to a variety of factors and initiatives, including, among other things, Oracle's "unprecedented level of automation and cost savings," as well as the Company being "customer-focused" and "intimate partners with our customer."

According to the plaintiff, in truth, Oracle drove sales of cloud products using threats and extortive tactics. The use of such tactics concealed the lack of real demand for Oracle's cloud services, making the growth unsustainable and ultimately driving away customers. Among other things, the Company threatened current customers with "audits" of their use of the Company's non-cloud software licenses unless the customers agreed to shift their business to Oracle cloud programs.

On May 10, 2017, Oracle Corporation announced that it expanded Oracle Cloud Platform's integration offerings with the availability of Oracle API Platform Cloud Service.

On March 19, 2018, Oracle Corporation announced its fiscal 2018 Q3 results.

The plaintiff says the truth was revealed on March 19, 2018, when the Company disclosed that cloud revenue growth had stagnated and forecasted significantly slower sales growth for its cloud business than its competitors. The plaintiff says that following these disclosures, analysts and market commentators connected Oracle's poor financial performance to its improper sales tactics.

Those who purchased shares of Oracle Corporation (NYSE: ORCL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.