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Tuesday, April 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Derivative

A shareholder derivative class action in federal court accuses Oracle Corp. and its board and executives of, inter alia, breach of fiduciary duty, for false statements regarding the company's commitment to diversity, despite not having a single Black board member.

OAKLAND, Calif. — Alleging breach of fiduciary duty in a federal derivative class action, shareholders accuse Oracle Corp. and its board and executives of making false statements regarding the company's commitment to diversity, despite not having a single Black board member.

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