ORCL Discloses New Putative Securities Class Action Alleging Cloud Business Misstatements
· The NYC Memo
Oracle Corporation, in its 10-Q for Q1 FY2027 ended August 31, 2026, disclosed a new putative securities class action filed in July 2026. The lawsuit alleges false and misleading statements regarding Oracle's cloud infrastructure business against the company and certain executives. Oracle stated it believes it has meritorious defenses and expects no material impact from the litigation.