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Charles C. Foti, former attorney general of Louisiana, a partner at Kahn Swick & Foti, LLC (KSF), announces that KSF has opened an investigation into Oracle Corporation (NYSE: ORCL).
In January 2017, the US Department of Labor (DOL) filed a lawsuit against Oracle America, Inc., a subsidiary of the company, alleging systematic wage discrimination against female employees, African-Americans and Asians, and other discriminatory practices in employment. Recently, the president of the court dismissed Oracles' request to close the case and the DOL amended his complaint to add additional evidence indicating, among other things, that underpaid Oracle workers over $ 400 million out of four years were less well paid. positions with low starting salaries, resulting in women, blacks and Asians with years of experience [being] paid up to 25% less than their peers. Oracle was also sued in a clbad action lawsuit in August 2017 on behalf of employees alleging badist bias, alleging systematic underpayment, which is ongoing.
The purpose of KSF's investigation is to determine whether the directors and / or directors of Oracle Corporations have breached their fiduciary duties to their shareholders or otherwise breached federal or national laws.
If you have any information that could help KSF in its investigation, or if you were a long-term holder of Oracle Corporation shares and wish to discuss your rights, you may, without obligation or charge, call toll free 1 Phone on 877-515-1850, Lewis Kahn (Managing Partner of KSF)[email protected]), or visit https://www.ksfcounsel.com/cases/nyse-orcl/ for more information.
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About Kahn Swick & Foti, LLC
KSF, whose partners include Louisiana's former Attorney General, Charles C. Foti, is a law firm specializing in securities, antitrust and clbad actions for consumers, as well as in mergers and acquisitions and non-compliance with fiduciary proceedings against listed companies on behalf of shareholders. The company has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
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