In an unprecedented move, three Oracle board members have given their thumbs up for a shareholder to sue Ellison and Catz on behalf of the company.
In March, 2018, a judge basically agreed with enough of the Firemen's Retirement System argument to rule that at least half of Oracle's board's members are under Ellison's thumb.
For instance one of them, Renee James, who headed the special committee that investigated the NetSuite deal, even had her"independent" board member status removed in 2018 when Oracle helped herCommittee tried to get Ellison to settle the case The SLC spent 10 months investigating, conducting about 40 interviews and gathering a million documents analyzed by independent financial consultant and data forensics consultants,The committee then hired a mediator to negotiate a settlement. But the talks broke down and no agreement was reached, the SLC said in its letter to the court.
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