Oracle Corp. CEO Larry Ellison has agreed to donate $100 million to charities to settle a lawsuit revolving around a $900 million gain that he made by selling some of his company stock after the dot-com bust. Under the unusual agreement, Ellison -- one of the world's richest men -- will make the donations on behalf of Redwood Shores, Calif.-based Oracle during the next five months. In agreeing to settle the case, Ellison isn't admitting to any wrongdoing.
September 13, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
Oracle Corp. CEO Larry Ellison has agreed to donate $100 million to charities to settle a lawsuit revolving around a $900 million gain that he made by selling some of his company stock after the dot-com bust.
The settlement, confirmed Monday by an attorney who filed the suit, still requires the approval of County Superior Court Judge John Schwartz. A hearing was scheduled for Sept. 26.
Presented by BigVoodoo
This conference aims to help insurers and litigators better manage complex claims and litigation.
Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
McCarter & English is actively seeking a 5th-6th year trademark associate who has trademark prosecution, licensing and litigation experi...
**PLEASE READ THE COMPLETE AD BEFORE APPLYING***Established 25-year boutique Plaintiff's Personal Injury Law Firm in the Dadeland area seeki...
Our client, a multi-state full-service boutique, is seeking to add a senior construction litigation associate to their Florida team. Qualif...
