Oracle Confronts Lawsuit on Its Path to the Cloud

14. September 2018.

The City of Sunrise Firefighters’ Pension Fund has sued Oracle, alleging that its executives lied about the company’s successes in the cloud and engaged in coercion and threats to sell its cloud products, “creating an unsustainable model that fell apart.” The plaintiff apparently is seeking class-action status for the suit. Oracle has called the suit meritless and said it would defend against it. The company might have a point, because unsustainable models emerge all the time, not as a result of malicious intent but as vagaries of the market.

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