Judge sides with Ellison in Oracle shareholder suit over NetSuite acquisition
A Delaware judge has ruled in favor of Oracle founder Larry Ellison in a shareholder lawsuit alleging that he coerced the technology company’s board into paying a grossly inflated price to acquire software company NetSuite Corp. in 2016. Vice Chancellor Samuel Glasscock III on Friday rejected the plaintiffs’ allegation that Oracle’s acquisition was not entitled to the deference traditionally shown corporate decision-makers under Delaware’s “business judgment” rule. The shareholders argued that t
Source: aol.com
