litigation
confidence high
sentiment negative
materiality 0.60
Oracle seeks $12.2M in attorneys' fees from Rimini Street in contempt proceeding
Rimini Street, Inc.
- Oracle subsidiaries filed motion seeking ~$12.2M in attorneys' fees and costs for enforcing injunction.
- Fees relate to contempt proceedings initiated July 2020; court ruled Oracle may recover reasonable fees.
- Oracle intends to supplement for additional fees incurred in Oct/Nov 2023.
- Rimini's response due 60 days after filing; company reserves all rights including appeal.