Feeds

Oracle boss buys off insider trading claims

Cash to charity to drop case

Next gen security for virtualised datacentres

Oracle's boss Larry Ellison has agreed to pay $100m to charity to settle a case accusing him of insider trading.

The lawsuit alleged that Ellison sold $900m of Oracle shares in early 2001 - before the company put out a profit warning which sent its shares tumbling. Ellison successfully defended a similar case in Delaware so it is not clear why he agreed to settle this case.

One of the lawyers in the case, Joseph Tabacco, told the New York Times: "The plaintiffs believe this is a very innovative settlement providing a positive benefit to Oracle."

Oracle refused to comment on the NYT story. The paper also reported that lawyers on the case would receive a separate payment of $22.5m.

The agreement is not yet a done deal and must still be approved by the Oracle board of directors. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.