Oracle is Suing Larry Ellison and Safra Catz Over The $9 Billion NetSuite Deal, Thanks to Letter Written by Three Oracle Board Members
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- A three-member committee of Oracle's board has written an extraordinary letter to a Delaware court.
- The letter, dated August 15, grants permission for a shareholder-initiated lawsuit to proceed against Oracle founder and chairman Larry Ellison, as well as one of Oracle's co-CEOs, Safra Catz.
- This is a "derivative lawsuit" meaning it was filed on behalf the company against the directors...