secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001635282-23-000210
Event type: litigation
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street settles Oracle contempt proceedings for $9.7M payment
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- Paid $9.7M to Oracle on Dec 7, 2023 to resolve motion for attorneys' fees and costs related to contempt proceedings.
- Original Oracle motion sought ~$12.2M; settlement reduces amount by ~$2.5M.
- District Court withdrew Oracle's motion per joint stipulation; Rimini foregoes remaining appellate rights.
- All matters from July 2020 contempt proceeding now resolved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000210/0001635282-23-000210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000210/rmni-20231208.htm
  HTML page:      https://secwatch.observer/filing/0001635282-23-000210

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer