Oracle, Others Seek Dismissal Of Investor’s Stock Drop Claims

Mealey's (April 23, 2019, 2:09 PM EDT) -- SAN JOSE, Calif. — Dismissal of a securities class action lawsuit against technology company Oracle Corp. and certain of its current and former senior executives is warranted because an investor has failed to plead the necessary elements of falsity and scienter in making its federal securities law claims, the defendants argue in an April 19 motion to dismiss filed in California federal court (In re Oracle Corp. Securities Litigation, No. 18-4844, N.D. Calif.)....