Department of Labor accuses Oracle of $400 million in pay discrimination for women, minorities
Oracle discrimination lawsuit: Department of Labor restates claims
Corporate conductAllegation
Oracle is accused of violating FCPA with off-the-books payments
Oracle is accused of violating the FCPA by failing to prevent a subsidiary from secretly setting aside money off the company's books to make unauthorized payments to phony vendors in India.
Without admitting or denying the SEC's findings, Oracle agreed to cease committing violations of the anti-bribery, books and records, and internal accounting controls provisions of the FCPA and to pay approximately $8 million in disgorgement and a $15 million penalty.
Oracle - SEC charged the California-based computer technology company with violating FCPA by failing to prevent a subsidiary from secretly setting aside money off the company's books to make unauthorized payments to phony vendors in India.
The Securities and Exchange Commission today charged Oracle Corporation with violating the Foreign Corrupt Practices Act (FCPA) by failing to prevent a subsidiary from secretly setting aside money off the company's books that was eventually used to make unauthorized payments to phony vendors in India.
The Securities and Exchange Commission today charged Oracle Corporation with violating the Foreign Corrupt Practices Act (FCPA) by failing to prevent a subsidiary from secretly setting aside money off the company's books that was eventually used to make unauthorized payments to phony vendors in India.
Without admitting or denying the SEC’s findings, Oracle agreed to cease and desist from committing violations of the anti-bribery, books and records, and internal accounting controls provisions of the FCPA and to pay approximately $8 million in disgorgement and a $15 million penalty.
Privacy & surveillanceSettlement
Oracle settles consumer deception claims over Java security updates
The Federal Trade Commission approved a final order settling allegations that Oracle deceived consumers about the security provided by updates to its Java Platform Standard Edition software.
Oracle Agrees to Settle FTC Charges It Deceived Consumers About Java Software Updates | Federal Trade Commission
Oracle has agreed to settle Federal Trade Commission charges that it deceived consumers about the security provided by updates to its Java Platform, Standard Edition software (Java SE), which is installed on more than 850 million personal computers.
“When a company’s software is on hundreds of millions of computers, it is vital that its statements are true and its security updates actually provide security for the software,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection. “The FTC’s settlement requires Oracle to give Java users the tools and information they need to protect their computers.”
Oracle Agrees to Settle FTC Charges It Deceived Consumers About Java Software Updates
In its complaint, the FTC alleges that Oracle promised consumers that by installing its updates to Java SE both the updates and the consumer’s system would be “safe and secure” with the “latest… security updates.” During the update process, however, Oracle failed to inform consumers that the Java SE update automatically removed only the most recent prior version of the software, and did not remove any other earlier versions of Java SE that might be installed on their computer, and did not uninstall any versions released prior to Java SE version 6 update 10.
Under the terms of a proposed consent order, Oracle will be required to give consumers the ability to easily uninstall insecure, older versions of Java SE.
The consent order also will prohibit the company from making any further deceptive statements to consumers about the privacy or security of its software and the ability to uninstall older versions of any software Oracle provides.
Oracle Agrees to Settle FTC Charges It Deceived Consumers About Java Software Updates
After a public comment period, the Federal Trade Commission has approved a final order resolving the Commission’s complaint against Oracle alleging that the company deceived consumers about the security provided by updates to its Java Platform Standard Edition software.
Among other things, the proposed consent agreement requires Oracle to notify consumers during the Java SE update process if they have certain older iterations of the software on their computers, notify them of the risk of having the older software, and give them instructions on how to effectively uninstall it.
The complaint in this matter alleges that Oracle violated Section 5 of the FTC Act by misrepresenting to consumers the security provided by updates to Oracle’s Java SE software.
The proposed consent agreement prohibits Oracle from misrepresenting: (1) the privacy or security of any software offered by Oracle directly to consumers to run programs on their computers or applications within a browser, including the effect on privacy or security of any installation or update to such software; and (2) how to uninstall older iterations of any such software.
Among other things, the proposed consent agreement prohibits Oracle from misrepresenting: (1) the privacy or security of any software offered by Oracle directly to consumers to run programs on their computers or applications within a browser, including the effect on privacy or security of any installation or update to such software; and (2) how to uninstall older iterations of any such software.
The proposed consent agreement also requires Oracle to notify consumers during the Java SE update process if they have certain older iterations of the software on their computer, notify them of the risk of having the older software, and give them instructions on how to effectively uninstall it.
Accordingly, we believe the order provisions, along with the risk of substantial civil penalties for violating the order, appropriately address the conduct at issue. Should you experience problems with Oracle’s uninstall tool after the date that this proposed order becomes final, the Commission advises that you contact Oracle’s customer support.
In addition, for three years, Oracle must provide an uninstall tool; a page dedicated to explaining how consumers can remove certain older iterations of the software; and free support through an electronic form to help consumers with their update and/or uninstall issues.
Corporate conductSettlement
Oracle America agreed to pay the United States $46 million to settle False Claims Act allegations related to Sun Microsystems' false claims
has agreed to pay the United States $46 million to settle claims that Sun Microsystems Inc., a corporation that merged with Oracle in 2010, submitted false claims and caused others to submit false claims to the General Services Administration (GSA) and other federal agencies, the Justice Department announced today.
has agreed to pay the United States $46 million to settle claims that Sun Microsystems Inc., a corporation that merged with Oracle in 2010, submitted false claims and caused others to submit false claims to the General Services Administration (GSA) and other federal agencies, the Justice Department announced today.
AI & automationConfirmed
Oracle adoption of AI causes workforce reductions
Oracle says AI adoption across operations has led to workforce reductions.
News of the bloodbath at Oracle comes following a report in March that the company was looking at slashing thousands of jobs as it attempted a massive AI data center expansion effort, leaving investors worried about how it would fund such efforts.
Oracle axes 21,000 jobs in massive layoff, AI replaces workers
Oracle has quietly axed 21,000 workers in a massive jobs bloodbath as it pours billions into artificial intelligence, all while admitting the technology is helping eliminate positions.
Earlier this year, Oracle started cutting thousands of jobs to save money while building costly AI data centers for clients such as OpenAI.
Another wave of layoffs is looming for shell-shocked Oracle employees as the company prepares its second round of cuts this year while pouring billions into artificial intelligence infrastructure, according to a report.
Oracle did not say all of the decrease came from layoffs, and its filing does not break down the cuts by location.
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said in the filing.
According to Oracle's SEC filing, "the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce."
Workplace equitySettlement
Oracle settles disability discrimination lawsuit
Oracle will pay $30,000 and provide remedial relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission.
BALTIMORE – Oracle Transcription Company, Inc., a Rockville, Md., transcription company, will pay $30,000 and furnish substantial remedial relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced today.
District Court for the District of Maryland, Southern Division, since at least May 2006 and continuing to the present, Oracle denied Mary Bobik a position as a full-time medical transcription editor.
Instead, the agency said, Oracle Transcription ignored Bobik's requests for a full-time job and hired other persons with less experience.
A federal judge in Pennsylvania ruled this week that Oracle must face a former employee’s sex and disability discrimination claims, concluding that the plaintiff plausibly alleged she was treated differently as the only woman on her team and subjected to adverse employment actions after the technology company learned of her post-traumatic stress disorder.
Moreover, the complaint accuses Oracle of not only failing to produce key documents and data, but adds that it "destroyed records related to its hiring process as the case was ongoing."
Oracle discrimination lawsuit: Department of Labor restates claims
Privacy & surveillanceSettlement
Oracle settles data capture and sale allegations
Oracle settles over allegations it captured, compiled, and sold individuals' data to third parties without consent.
The lawsuit went on to claim that Oracle sells the personal information it collected to other companies, but because people “lack a direct relationship with Oracle,” they didn’t have any way to consent to the information being shared.
(NEXSTAR) – Oracle has agreed to pay out $115 million to settle claims it tracked people’s online and offline activity, then violated privacy by selling the information to third parties.
The lawsuit goes on to claim that Oracle sells the personal information it collects to other companies, but because people “lack a direct relationship with Oracle,” they don’t have any way to even consent to the information being shared.
The tech powerhouse agreed to pay $115 million into a settlement fund in 2024 to resolve allegations that Oracle tracked and sold consumer data both online and offline without consent, including various in-store purchases.
Privacy & surveillanceOfficial statement
Oracle sells data products from third-party companies on its cloud marketplace
Amazon and Oracle sell data products from third-party companies on their cloud marketplaces, including bulk location information harvested from mobile phones.
Amazon and Oracle sell data products from third-party companies on their cloud marketplaces, including bulk location information harvested from mobile phones.
Labor & working conditionsAllegation
Oracle is accused of over-hiring Asian workers
The Labor Department accuses Oracle of over-hiring Asian workers.
A Michigan public pension fund claims Oracle had to increase its debt to meet commitments to OpenAI when the AI giant had its own shortfalls, without notifying investors of the risk.
Corporate conductAllegation
Oracle is accused of withholding evidence
Oracle is accused of withholding evidence, leading to investor losses.
The judge denied investors’ request for sanctions against Oracle and Ellison for allegedly withholding other evidence and for a pretrial ruling that investors lost money because the company concealed information.
Corporate conductAllegation
Oracle sued Google for allegedly violating Oracle-owned patents
In response to a judge's order, Google, which was sued by Oracle for allegedly violating Oracle-owned patents and copyright related to the Java programming language, submitted a court filing last Friday that lists, among others:.
In response to a judge's order, Google, which was sued by Oracle for allegedly violating Oracle-owned patents and copyright related to the Java programming language, submitted a court filing last Friday that lists, among others:
Google names Oracle lawsuit commenters with financial ties to company | CBC News
Corporate conductAllegation
Oracle is accused of defrauding U.S. on GSA contract
Oracle is accused of defrauding the United States on a GSA software contract from 1998 to 2006 involving hundreds of millions of dollars in sales.
The government alleges that Oracle defrauded the United States on a General Services Administration (GSA) software contract that was in effect from 1998 to 2006 and involved hundreds of millions of dollars in sales.
Department of Justice filed a lawsuit Thursday alleging that Oracle Corp. defrauded the government in a software deal that involved hundreds of millions of dollars.
Corporate conductConfirmed
Oracle executives face securities trading liability
Oracle's CEO Larry Ellison and CFO Jeffrey Henley are liable for contemporaneous trading under Section 20A of the Exchange Act.
§ 78j(b), and Securities Exchange Commission Rule 10b-5; (2) Oracle’s Chief Executive Officer Larry Ellison, Chief Financial Officer Jeffrey Henley, and Executive Vice President Edward Sanderson are liable as control persons under Section 20(a) of the Exchange Act, 15 U.S.C. § 78t(a); and (3) Henley and Ellison are liable for contemporaneous trading under Section 20A of the Exchange Act, 15 U.S.C. § 78t-1(a).
Corporate conductAllegation
The City of Sterling Heights Police & Fire Retirement System filed a class action lawsuit alleging violations of the Securities Act of 1933 based on an investigation of Oracle Corporation's SEC filings
- 1 - Plaintiff City of Sterling Heights Police & Fire Retirement System (“plaintiff”) alleges the following based upon the investigation of plaintiff’s counsel, which included a review of U.S. Securities and Exchange Commission (“SEC”) filings by Oracle Corporation (“Oracle” or the “Company”), as well as regulatory filings and reports, securities analysts’ reports and advisories about the Company, press releases and other public statements issued by the Company, and media reports about the Company.
- 1 - Plaintiff City of Sterling Heights Police & Fire Retirement System (“plaintiff”) alleges the following based upon the investigation of plaintiff’s counsel, which included a review of U.S. Securities and Exchange Commission (“SEC”) filings by Oracle Corporation (“Oracle” or the “Company”), as well as regulatory filings and reports, securities analysts’ reports and advisories about the Company, press releases and other public statements issued by the Company, and media reports about the Company.
Privacy & surveillanceConfirmed
Oracle releases update after data breach
Oracle released an update to its application to address a vulnerability following a cyberattack that impacted the University.
OpenAI and compute partner Oracle have reportedly abandoned a planned expansion of their flagship Stargate datacenter, after negotiations were stalled by financing and Sam Altman's apparent fear of commitment.