In Re Oracle Securities Litigation

How courts have described this case

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

• “Here, because Oracle’s special 8 settlement committee lacked independent counsel, the derivative settlement reeks of collusion between derivative plaintiffs’ counsel and the individual defendants, at the expense of the corporation.”
• “There is no proof, however, that Arthur Andersen [Oracle’s auditor] deliberately or recklessly violated any duty it owed to the plaintiffs. In the absence of such proof, it is unlikely that plaintiffs could sustain them claims against Arthur Andersen.”

Source: CourtListener parenthetical corpus (CC0).