Oracle Corporation (NYSE: ORCL) Investigation: Potential Gender And Race Discrimination Based Shareholder Derivative Action

GRABAR LAW OFFICE INVESTIGATES POTENTIAL GENDER AND RACE DISCRIMINATION BASED SHAREHOLDER DERIVATIVE ACTION ON BEHALF OF SHAREHOLDERS OF ORACLE CORPORATION (NYSE: ORCL)

A class of over 4,100 women who have accused Oracle America Inc. of paying them less than their male colleagues has recently been certified.  California Superior Court Judge Raymond Swope found that the class is large enough and its members have common issues that warrant resolving their California Equal Pay Act claims on a class-wide basis. 

As alleged In that matter, “throughout the Class Period and throughout California, Oracle has discriminated against its female employees by systematically paying them lower wage rates than Oracle pays to male employees performing equal and substantially similar work under similar working conditions, in violation of the California Equal Pay Act.  Oracle’s failure to pay women and men equal wages for performing equal and substantially similar work is not justified by any lawful reason.” 

Current Oracle shareholders who purchased shares of the Company’s stock prior to January 1, 2014 have standing to seek corporate governance reforms, and possibly the return of funds back to the company coffers and potentially a court approved incentive award if appropriate.

If you have held Oracle shares continuously since at least January 1, 2014 and would like to learn more at no cost to you, fill out the form provided or contact us at jgrabar@grabarlaw.com.

ATTORNEY ADVERTISING DISCLAIMER: These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Online readers should not act upon this information without seeking professional counsel. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.

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