First of two parts.
In Nursing Home Pension Fund v. Oracle, No. C 01-00988 SI, 2008 U.S. Dist. LEXIS 66740 (N.D. Calif. 2008), purchasers of Oracle Corp. stock, brought a class action against Oracle and related defendants under the Securities and Exchange Act of 1934 alleging that defendants made false and misleading statements regarding Oracle’s earnings, the effects of the slowing economy on Oracle, and the functionality of a new Oracle suite of applications.
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