Oracle(US:ORCL) Prnewswire·2026-03-12 23:30Core Viewpoint - A securities fraud class action lawsuit has been filed against Oracle Corporation, alleging material misstatements regarding its AI infrastructure capabilities 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 allegations include that Oracle's spending would not yield near-term revenue growth and posed risks to its debt, credit rating, and free cash flow [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 risks from OpenAI [1] - The stock further declined by $10.19 (approximately 5.4%) on December 17, 2025, after reports that Blue Owl Capital withdrew funding for a $10 billion data center project due to concerns over Oracle's financial commitments [1] Investor Actions - Investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP for a free case evaluation and to consider filing to be lead plaintiff by the deadline [1]