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Ellison's charitable settlement



Oracle's Larry Ellison has agreed to settle a shareholder derivative class action "for a $100 million donation in Oracle's name to a charity chosen by Mr. Ellison." Oracle will also pay $24 million to a team of plaintiff's lawyers led by Berman DeValerio Pease Tabacco Burt & Pucillo. Floyd Norris of the NYT wonders whether it's a great deal for the plaintiffs, or just for their lawyers. More: Christine Hurt and Larry Ribstein comment.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.