Click here to visit Original posting
Oracle has informed a federal court that it is settling a lawsuit in which a former employee had charged that she had been terminated from her job for refusing to go along with accounting principles that she did not consider lawful.
In a joint submission Wednesday to the U.S. District Court for the Northern District of California, lawyers for Oracle and the former employee, Svetlana Blackburn, asked to vacate a case management conference scheduled for Thursday, while submitting a notice of settlement to notify the court “that the lawsuit has been settled in principle, and to request thirty (30) days in which to file a dismissal.”
The lawsuit had drawn interest amid concern that companies could be dressing up their cloud revenue in a highly competitive environment. Gartner, for example, warned in December 2015, that “assessing vendor cloud revenue claims has become more challenging, with many vendors' IT-related businesses being complicated and nuanced.”
To read this article in full or to leave a comment, please click here