M&A - ORACLE CORP

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Form Type: 8-K

Filing Date: 2025-01-22

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525010390

Filing Summary: On January 21, 2025, the Supreme Court of the State of Delaware affirmed the lower court's judgment in favor of Oracle Corporation's executives in derivative litigation concerning the acquisition of NetSuite Inc. The court's ruling rejected all claims brought by the plaintiffs against the company's leadership, which includes Larry Ellison and Safra Catz, emphasizing the legality and validity of the acquisition process.

Additional details:

Date Of Report: 2025-01-21

Court Decision: affirmation of lower court's judgment

Plaintiffs Claims: rejected all claims

Company Acquired: NetSuite Inc.

Executives Involved: Larry Ellison, Safra Catz

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