Oracle retreats on $210m Rimini Street 'value' damages
Rimini sets back claim as Oracle "streamlines" theft claims
Rimini Street has struck back at Oracle after the database giant withdrew its claim for $210m damages against Rimini.
Larry Ellison’s firm had claimed the amount based on fair market value of the copyright that it owned and that it claims Rimini Street has trampled.
The figure was based on income lost based on a hypothetical license value.
According to information released by Rimi Street, Oracle ditched the claim to “streamline” the issues for trial, which will now go before a jury on September 14.
Oracle launched its suit in 2010, claiming that Rimini Street and its founder chief executive Seth Ravin had engaged in “massive theft” by downloading support materials from Oracle's websites, which it would then provide to its own clients without a proper licence.
Those materials related to PeopleSoft, JD Edwards and Siebel – firms and software Oracle had paid a pretty dollar for owning over the years.
Rimini Street branded Oracle’s decision to withdraw the financial claim “yet another significant setback in its decade-long fight against competition” and the nearly six-year litigation against the company itself.
Earlier this month, the court dismissed a claim in a counter-suit brought by Rimini Street against Oracle, also in 2010, that accused Oracle of “using its software licenses to unlawfully leverage a monopoly in the support services market.”
Celebrating that turn of events, Oracle said in a statement: “We filed these claims against Rimini and Mr. Ravin to stop them from misappropriating our intellectual property and harming this investment - and that is exactly what we intend to do.”
Oracle's suit, Oracle USA, Inc., et al. v. Rimini Street, Inc. et al., Civil No. 2:10-cv-00106-LRH-PAL, will be heard in the District Court of Nevada in September. ®