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Oracle, Ellison Try To End Investors' Systemic Racism Claims

ADVERTISEMENT ADVERTISEMENT Oracle, Ellison Try To End Investors Systemic Racism Claims Law360, San Francisco (April 8, 2021, 11:06 PM EDT) -- Oracle Corp., its billionaire co-founder Larry Ellison and members of its board of directors urged a California federal magistrate judge Thursday to toss shareholders derivative suit alleging the software giants leadership engaged in systemic racism, calling the shareholders discrimination theory "just a made-up daisy chain" based on "pure conclusion." M...
United States Larry Ellison Safraa Catz Leon Panetta Jacqueline Scott Corley Morrison Foerster Llp
Source: law360.com

Dela. judge denies WeWork's unprecedented bid to toss board members' suit against Softbank

11 Min Read (Reuters) - Chancellor Andre Bouchard of Delaware Chancery Court ruled Monday that WeWork cannot voluntarily dismiss a lawsuit accusing Softbank and Vision Fund of breaching a multi-pronged agreement in which the defendants pledged to complete a $3 billion tender offer for WeWork shares in addition to providing financing to the struggling company. Bouchardโ€™s ruling resolved an extraordinarily unusual dispute over corporate control. The lawsuit was filed on the companyโ€™s behalf l...
United States Wilson Sonsini Goodrich Rosati George Zimmerman Adam Neumann Erik Olson Maria Ginzburg

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