According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- Oracle’s AI infrastructure strategy would result in massive increases in capital expenditures (“CapEx”) without equivalent, near-term growth in revenue;
- Oracle’s substantially increased spending created serious risks involving Oracle’s debt and credit rating, free cash flow, and ability to fund its projects, among other concerns; and
- as a result, defendants’ representations about Oracle’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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