Larry Ellison, co-founder and executive chairman of Oracle Corp. Photo: David Paul Morris/Bloomberg Oracle's $9 Billion NetSuite Acquisition Process Affirmed in Chancery
Vice Chancellor Glasscock determined that while Larry Ellison's position as a shareholder for both companies made him a conflicted director, he and Oracle CEO Safra Catz, both represented by Latham & Watkins and Young Conaway Stargatt & Taylor, didn't interfere with the committee that evaluated the deal.
May 16, 2023 at 05:18 PM
2 minute read
Technology Media and Telecom
Oracle Corp.'s founder and CEO didn't breach their fiduciary duties when negotiating the company's $9.4 billion acquisition of NetSuite Inc., Vice Chancellor Sam Glasscock III has decided, bringing six years of derivative litigation to a close.
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