Portnoy Law Firm Announces Class Action on Behalf of Oracle Corporation Investors
OracleOracle(US:ORCL) Globenewswire·2026-02-12 17:32

Core Viewpoint - Oracle Corporation is facing a class action lawsuit from investors who purchased securities between June 12, 2025, and December 16, 2025, due to significant stock price declines following announcements related to its AI and cloud computing initiatives [1]. Group 1: Legal Action - The Portnoy Law Firm is advising Oracle investors about a class action lawsuit, with a deadline for filing a lead plaintiff motion set for April 6, 2026 [1]. - Investors can contact attorney Lesley F. Portnoy for legal rights discussions and to join the case [2]. Group 2: Financial Developments - On September 10, 2025, Oracle announced a $300 billion, five-year cloud computing contract with OpenAI to supply computing power [3]. - Reports on November 13, 2025, indicated Oracle was seeking to raise an additional $38 billion in debt sales to fund its AI buildout, which led to a stock price drop of $9.42 per share, or 4.15%, closing at $217.57 per share [3]. - During a December 10, 2025 earnings call, Oracle's Executive Vice President disclosed an expected fiscal 2026 capital expenditure increase of about $15 billion, resulting in a further stock price decline of $24.16 per share, or 10.83%, closing at $198.85 per share on December 11, 2025 [3].

Portnoy Law Firm Announces Class Action on Behalf of Oracle Corporation Investors - Reportify