Oracle Agrees To $12M Settlement In Imprudent Investments Class Suit

Mealey's (March 3, 2020, 3:11 PM EST) -- DENVER — Participants and beneficiaries who accused Oracle Co. of making imprudent investments related to its 401(k) plan and Oracle filed joint motions on Feb. 26 in a federal court in Colorado seeking preliminary approval of a $12 million class settlement and certification of the settlement only class (Deborah Troudt, et al. v. Oracle Corporation, et al., No. 16-175, D. Colo.)....