Oracle(US:ORCL) Prnewswire·2026-03-19 21:38Core Viewpoint - A securities fraud class action lawsuit has been filed against Oracle Corporation by Kessler Topaz Meltzer & Check, LLP on behalf of investors who purchased Oracle common stock between June 12, 2025, and December 16, 2025, alleging misleading statements regarding the company's AI infrastructure strategy and capital expenditures [1][5]. Company Overview - Oracle Corporation is a technology company based in Delaware, primarily focused on providing infrastructure for operating artificial intelligence (AI) programs [3]. Allegations of Misconduct - The lawsuit claims that Oracle's management made materially false and misleading statements about the company's business operations, particularly regarding its AI infrastructure strategy and capital expenditures [4][7]. - Specific allegations include that Oracle's AI strategy would lead to significant increases in capital expenditures without corresponding near-term revenue growth, and that this increased spending posed risks to the company's debt, credit rating, and free cash flow [4][5]. Stock Performance and Impact - Oracle's stock price experienced a decline following disclosures about its financial commitments and risks associated with its AI projects. For instance, on September 24, 2025, the stock dropped by $5.37 per share, nearly 2%, after S&P Global Ratings raised concerns about the company's revenue dependency on OpenAI [8]. - Further declines occurred after reports indicated that Blue Owl Capital withdrew from funding a $10 billion data center project for Oracle, resulting in a $10.19 per share drop, approximately 5.4%, on December 17, 2025 [9]. Legal Process and Investor Actions - Investors who purchased Oracle common stock during the class period have until April 6, 2026, to apply to serve as lead plaintiff in the class action lawsuit [2][10]. - The lead plaintiff will represent the interests of all class members and will select legal counsel to direct the litigation [10].