(The opinions expressed here are those of the author, a columnist for Reuters.)
at a post-trial hearing that he planned to enter judgment for her. Glasscock nevertheless considered it necessary to call out shareholders' suggestion that James was beholden to Ellison.
James’ counsel from Sidley Austin and Morris, Nichols, Arsht & Tunnell did not respond to my query. Theiremphasized that James, who is currently the CEO of semiconductor company Ampere Computing LLC, is a highly accomplished, well-connected tech industry veteran who did not need to curry favor from Ellison – or, for that matter, Catz – to fulfill her ambitions.
In 2019, two years after shareholders first filed their derivative claims, Oracle’s board made the extremely unusual decision to authorize shareholders to pursue the case on behalf of the company. Friday’s ruling followed a 10-day trial last fall. James’ relationship with Ellison figured into Glasscock’s analysis of whether Ellison secretly controlled the NetSuite transaction. As I mentioned, Oracle had appointed a three-member special committee to oversee the deal in light of Ellison's conflict. Shareholders did not contest the independence of former U.S. secretary of defense Leon Panetta, who was also on the board's special committee, and dismissed claims against committee member George Conrades in December 2019.
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