Oracle(US:ORCL) Globenewswire·2026-03-07 19:45Core Viewpoint - A securities fraud class action lawsuit has been filed against Oracle Corporation on behalf of investors who purchased its common stock between June 12, 2025, and December 16, 2025, alleging misleading statements regarding the company's AI infrastructure strategy and capital expenditures [2][4][5]. Group 1: Lawsuit Details - The lawsuit, titled Barrows v. Oracle Corporation, was filed on February 3, 2026, in the United States District Court for the District of Delaware [2]. - Investors have until April 6, 2026, to move the Court to serve as lead plaintiff for the class [3][10]. - The allegations include material misstatements and omissions concerning Oracle's data center capabilities for AI infrastructure and capital expenditures [7]. Group 2: Allegations Against Oracle - The complaint alleges that Oracle misled investors by claiming that its AI infrastructure strategy would lead to rapid revenue growth, while in reality, it would result in significant increases in capital expenditures without corresponding revenue growth [5]. - It is claimed that Oracle's increased spending posed serious risks to its debt and credit rating, free cash flow, and ability to fund projects [5]. - The lawsuit highlights that the representations made by Oracle regarding its business and operations were materially false and misleading [5]. Group 3: Stock Performance and Market Reaction - Oracle's stock price dropped by $5.37 per share, or nearly 2%, from $313.83 on September 23, 2025, to $308.46 on September 24, 2025, following warnings from S&P Global Ratings about potential revenue risks [6][8]. - The stock continued to decline, falling by $10.19 per share, or approximately 5.4%, from $188.65 on December 16, 2025, to $178.46 on December 17, 2025, after reports that Blue Owl Capital withdrew funding for a $10 billion data center project [9].