On Thursday, July 2, 2020, Bottini & Bottini, Inc,. and Renne Public Law Group filed a shareholder derivative lawsuit against the Board of Directors of Oracle Corporation in the United States District Court for the Northern District of California.
The complaint alleges that Oracle’s Directors, wishing to avoid public backlash, have repeatedly made misrepresentations in the Company’s public statements by claiming to have a multitude of policies, internal controls, and processes designed to ensure diversity both at the management level and the Board itself.