In re Oracle Corporation Securities Litigation
The Focal Point worked with Latham & Watkins on behalf of Oracle Corporation and three of its executive officers in a $3 billion securities fraud class action arising from a missed earnings forecast in 2001, which was preceded by insider stock sales of over $900 million. Plaintiffs alleged that defendants made false and misleading statements regarding Oracle's projected financial results, and that certain Oracle executives sold stock while in possession of material, nonpublic information.
The Focal Point’s Role
The Focal Point developed demonstratives for the Summary Judgment hearing, working with the Latham & Watkins team to refine and develop a visual strategy to persuade the judge.
Summary judgment was obtained for all defendants on all claims.
US District Court, Northern California
The Focal Point’s Client