Oracle Sued by Retirement Fund

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Oracle Sued by Retirement Fund Over Purchase of Larry Ellison’s Company
Oracle Corp. was sued by a retirement fund over its purchase of Pillar Data Systems Inc., a company controlled by Chief Executive Officer Larry Ellison. The City of Roseville Employees’ Retirement System sued on behalf of Oracle and named among the defendants Ellison, Oracle President Mark Hurd and Chairman Jeff Henley, according to papers filed in Delaware Chancery Court in Wilmington. A judge granted the pension fund’s request to file its complaint under seal.