Oracle Obtains Dismissal In Derivative Suit

Although Oracle has had its hands full fighting off securities litigation, including a recent setback when the U.S. Court of Appeals for the Ninth Circuit reversed the lower court’s dismissal of the federal securities class action brought against the company, things may be looking up. Reuters reports that Oracle has obtained a dismissal of the shareholder derivative suit brought against the company’s officers in Delaware Chancery Court. The facts and accusations in the Delaware case reportedly “mirror” those in the federal securities class action.