Legal Opinion
In Re ORACLE CORP DERIVATIVE LITIGATION
Court of Chancery of Delaware
Decided June 17, 2003No. C.A.18751PublishedCited by 77 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
In this opinion, I address the motion of the special litigation committee (“SLC”) of Oracle Corporation to terminate this action, “the Delaware Derivative Action,” and other such actions pending in the name of Oracle against certain Oracle directors and officers. These actions allege that these Oracle directors engaged in insider trading while in possession of material, non-public information showing that Oracle would not meet the earnings guidance it gave to the market for the third quarter of Oracle’s fiscal year 2001. The SLC bears the burden of persuasion on…
2Cases cited21 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
16 more not listed; retrieve them via the Exa API.
3Cited by77 opinions
- Beam Ex Rel. M. Stewart Living v. StewartSupreme Court of Delaware · 2004
- Dreiling v. JainWashington Supreme Court · 2004
- Dreiling v. JainWashington Supreme Court · 2004
- In re MFW Shareholders LitigationCourt of Chancery of Delaware · 2013
- Marchand II v. BarnhillSupreme Court of Delaware · 2019
72 more not listed; retrieve them via the Exa API.