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ORCL Investors Have Opportunity to Join Oracle Corporation Fraud Investigation with the Schall Law Firm
Businesswire· 2026-01-15 02:39
Core Viewpoint - The Schall Law Firm is investigating Oracle Corporation for potential violations of securities laws related to misleading statements and undisclosed information affecting investors [1][2]. Group 1: Investigation Details - The investigation centers on whether Oracle issued false or misleading statements and failed to disclose critical information to investors [2]. - A report indicated that Oracle announced a $300 billion, five-year deal with OpenAI in September, followed by raising $18 billion through bonds and notes two weeks later, and an additional $38 billion seven weeks after the initial offering to fund data centers for the same agreement [2]. - Bondholders from the initial $18 billion raise claim they should have been informed about the company's need to return to capital markets for such a large raise shortly after [2]. Group 2: Market Reaction - Following the news of the investigation and the bondholder claims, Oracle's shares experienced a decline of nearly 4.3% [2].