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Oracle, Ellison Accused of Misleading Investors on Cloud Revenue

June 7, 2016

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Oracle and its top executives were sued by an investor who blames his stock losses on allegations by a former finance executive that the cloud computing giant doctored its quarterly results.

Shares fell the most in almost three years Thursday to as low as $38.08, the day after the ex-employee filed her lawsuit alleging she was terminated after complaining to supervisors about accounting irregularities.

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