secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001635282-24-000165
Event type: litigation
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street ordered to pay Oracle $58.5M in Rimini II fees; appeals
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- District Court awarded Oracle $58.5M in attorneys' fees and costs; payment due by October 23, 2024.
- Oracle had requested ~$70.6M; Rimini argued ~$14.5M or no fees owed.
- Rimini filed a notice of appeal on September 24, 2024, and reserves all appellate rights.
- Company expects to make payment on or before the due date while pursuing appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528224000165/0001635282-24-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528224000165/rmni-20240925.htm
  HTML page:      https://secwatch.observer/filing/0001635282-24-000165

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