Oracle accused of defrauding investors, fabricating on cloud sales growth

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is named in a alleging the enterprise's executives lied to shareholders when they explained why cloud sales were growing.

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The investor faddish the case, the City of Sunrise Firefighters' Pension Fund, claimed engaged in coercion and threats to sell its cloud-computing products, creating an unsustainable model that fell apart, according to the suit filed Friday in San Jose, "The suit has no merit and will vigorously defend against these claims," said Deborah Hellinger, a spokeswoman for Oracle. .


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