back to article Oracle OKs Oracle investors to sue Oracle: Put NetSuite suit before a judge – board panel

Three members of Oracle's board of directors say a class-action lawsuit, filed against Oracle in the US by Oracle shareholders over Oracle's 2016 acquisition of NetSuite, should go forward. In a filing to the Delaware Chancery Court [PDF], the three-person Special Litigation Committee – a group comprised of members from Oracle …

  1. Anonymous Coward
    Anonymous Coward

    Shoot-out at the legal corral

    "... you've got to ask yourself one question: 'Do I feel lucky?' Well, do ya, punk?"

  2. Anonymous Coward
    Anonymous Coward

    Pillar et tu?

    Didn't he do the same with Pillar Data? And that's even better. Oracle buy out his stake in Pillar , and now it is no more.

  3. Doctor Syntax Silver badge

    As far as I can make out the action is aimed to getting Oracle to sue Ellison & Katz on shareholders' behalf. Why the shareholders don't sue them directly is less clear. After all, if they get a payout from Oracle its their own money - shareholders' funds - that the payout would be taken from.

    1. don't you hate it when you lose your account

      The cost

      This way you don't have to pay the lawyers. Oracle pays to defend and Sue itself. Absolutely brilliant :)

      1. stiine Silver badge
        Thumb Up

        Re: The cost

        You're right, thats absolutely fucking brilliant. Its like a circular firing squad armed with pintle-mounted automatic weapons.

        1. Anonymous Coward
          Anonymous Coward

          Re: The cost

          well, given who we're talking about, I think we all benefit from it

      2. Adrian 4 Silver badge

        Re: The cost

        Doesn't that just mean they pay the lawyers twice, and get to pay out as losers as well as receive the winnings ?

  4. Pascal Monett Silver badge
    WTF?

    Wait a minute

    How is it that the Board of a company gets to decide if a class-action lawsuit against itself should proceed ?

    Isn't that something for a judge to decide ?

    Or has the justice system in the USA just got fed up and handed itself over to corporations because they finally decided that that is how it works anyway ?

    1. IGotOut

      Re: Wait a minute

      Effectively they were trying to reach an amicable, but couldn't so just said "you know what, take it to court"

  5. ITAMRocks

    Oh, that's OK then

    Standard Oracle practice is to play hardball as long as they can and then fold to avoid court scrutiny of their business practices. Mars vs Oracle, A&E Adventures vs Oracle, and a couple of other shareholder class actions have all been eventually settled out of court. This is just a slightly more public version of what goes on behind NDAs because of who is involved - SLC appointed to make the issue go away, fails, and so it ends up in court. Interestingly the ongoing Sunshine City Firefighters suit hasn't been resolved yet - case review scheduled for all parties in mid-October. And, hey, JEDI waiting in the wings with yet another appeal ongoing.

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