Oracle(US:ORCL) Prnewswire·2026-02-28 18:11Core Viewpoint - A securities fraud class action lawsuit has been filed against Oracle Corporation, alleging material misstatements regarding its data center capabilities for AI infrastructure and capital expenditures during the class period from June 12, 2025, to December 16, 2025 [1] Summary by Relevant Sections Lawsuit Details - The lawsuit, titled Barrows v. Oracle Corporation, was filed on February 3, 2026, in the U.S. District Court for the District of Delaware [1] - Investors who purchased Oracle common stock during the class period can seek lead plaintiff status by April 6, 2026 [1] Allegations - The complaint alleges that Oracle misled investors about its AI infrastructure strategy, claiming it would lead to rapid revenue growth while concealing the risks associated with increased capital expenditures [1] - Specific misrepresentations include: 1. Oracle's AI strategy would incur significant CapEx without corresponding near-term revenue growth 2. Increased spending posed risks to Oracle's debt, credit rating, and free cash flow 3. Overall representations about Oracle's business and prospects were materially false and misleading [1] Stock Price Impact - Oracle's stock price fell by $5.37 (nearly 2%) on September 24, 2025, following a warning from S&P Global Ratings regarding potential revenue dependency on OpenAI [1] - The stock continued to decline, dropping by $10.19 (approximately 5.4%) on December 17, 2025, after reports that Blue Owl Capital withdrew from a $10 billion funding deal for Oracle's data center [1] Investor Actions - Investors are encouraged to retain legal counsel or contact Kessler Topaz Meltzer & Check, LLP for a free case evaluation [1] - The lead plaintiff process allows investors to represent the class, with the deadline for application set for April 6, 2026 [1]