March 22, 2021 - The court granted in part and denied in part the defendants' motion to dismiss.

April 23, 2020 - A motion to dismiss the amended consolidated complaint was filed.

February 17, 2020 - An amended consolidated complaint was filed.

December 17, 2019 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

April 19, 2019 - A motion to dismiss the consolidated complaint was filed.

March 8, 2019 - A consolidated complaint was filed.

August 10, 2018 - An investor in shares of Oracle Corporation (NYSE: ORCL) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Oracle Corporation in connection with certain allegedly false and misleading statements made between May 10, 2017 and March 19, 2018. According to the complaint the plaintiff alleges on behalf of purchasers of Oracle Corporation (NYSE: ORCL) common shares between May 10, 2017 and March 19, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 10, 2017 and March 19, 2018, the Defendants falsely attributed the Company's revenue growth in its cloud segment to a variety of factors and initiatives, including, among other things, Oracle's unprecedented level of automation and cost savings, as well as the Company being customer-focused and intimate partners with our customer. According to the plaintiff, in truth, Oracle drove sales of cloud products using threats and extortive tactics. The use of such tactics concealed the lack of real demand for Oracle's cloud services, making the growth unsustainable and ultimately driving away customers. Among other things, the Company threatened current customers with audits of their use of the Company's non-cloud software licenses unless the customers agreed to shift their business to Oracle cloud programs.

On May 10, 2017, Oracle Corporation announced that it expanded Oracle Cloud Platform’s integration offerings with the availability of Oracle API Platform Cloud Service. Shares of Oracle Corporation (NYSE: ORCL) grew from under $4 per share in April 2017 to as high as $53.00 per share on March 3, 2018. On March 19, 2018, Oracle Corporation announced its fiscal 2018 Q3 results. The plaintiff says the truth was revealed on March 19, 2018, when the Company disclosed that cloud revenue growth had stagnated and forecasted significantly slower sales growth for its cloud business than its competitors. The plaintiff says that following these disclosures, analysts and market commentators connected Oracle's poor financial performance to its improper sales tactics. Shares of Oracle Corporation (NYSE: ORCL) declined to a$42.57 per share in June 2018.