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LAWSUITS NEWS & LEGAL INFORMATION

Oracle Corp.

CEO Larry Ellison sold $900 million of company stocks after he and other top executives predicted that the business software maker would produce better results than the company ultimately delivered. Several lawsuits were filed after Ellison decided to cash out on his shares; they claimed he attempted to capitalize on information not available to other investors. Ellison has agreed to donate $100 million to charities to settle the allegations. (Sep-12-05) [LOS ANGELES TIMES]


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Published on Sep-13-05


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