Oracle(US:ORCL) Globenewswire·2026-02-23 20:57Core Viewpoint - A class action securities lawsuit has been filed against Oracle Corporation, alleging securities fraud that negatively impacted investors between June 12, 2025, and December 16, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Oracle's AI infrastructure strategy would lead to significant increases in capital expenditures without corresponding near-term revenue growth [2]. - It is alleged that the increased spending poses serious risks to Oracle's debt and credit rating, free cash flow, and project funding capabilities [2]. - The representations made by the defendants regarding Oracle's business operations and prospects are claimed to be materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses in Oracle during the specified timeframe have until April 6, 2026, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4]. - The firm has over 70 employees and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].