In Re Oracle Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that a defendant’s challenged stock sales “generated nearly a billion dollars in proceeds even though they involved only 2% of his [company] shares”
• noting that large stock sales by insiders did not support an inference of scienter because they amounted to a small percentage of overall holdings
• granting summary judgment where extensive, post-discovery record demonstrated significant fluctuations in revenues that defeated materiality of mid-quarter management projections
• noting a defendant’s sale as substantial despite the relative small percentage of his overall holdings
• granting summary judgment where the defendants had non-suspicious trading patterns and motivations, such as avoiding excessive tax liability
• analyzing the size of stock sales relative to defendants’ overall holdings, and concluding that, even though the dollar values generated from sales were large (nearly $1 billion

Source: CourtListener parenthetical corpus (CC0).