New platform; same business model...
"Oracle Corp. is named in a lawsuit alleging the company’s executives lied to shareholders when they explained why cloud sales were growing.Oracle Accused of Defrauding Investors on Cloud Sales Growth -- Bloomberg
The investor leading the case, the City of Sunrise Firefighters’ Pension Fund, claimed Oracle engaged in coercion and threats to sell its cloud-computing products, creating an unsustainable model that fell apart, according to the suit seeking class-action status and filed Friday in San Jose, California. The Florida-based firefighter pension fund and other investors lost money when Oracle’s stock plummeted in March after reporting a disappointing earnings report and outlook, according to the lawsuit."
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