City of Sunrise Firefighters' Pension Fund v. Oracle Corporation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 6 CITY OF SUNRISE FIREFIGHTERS' Case No. 18-cv-04844-BLF PENSION FUND, et al., 8 Plaintiffs, ORDER GRANTING LEAD PLAINTIFF UNION ASSET v. MANAGEMENT HOLDING AG’S MOTION FOR CLASS ORACLE CORPORATION, et al., CERTIFICATION 11 Defendants. [Re: ECF No. 107] 12 Before the Court is Lead Plaintiff Union Asset Management Holding AG’s (“Union”) motion for class certification. This is a securities fraud class action against Defendant Oracle Corporation and its management (collectively, “Oracle”) alleging violations of Sections 10b-5 and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”). Union alleges that Oracle materially misrepresented its cloud business and its sales tactics related to its cloud products throughout the class period of May 10, 2017 through June 20, 2018 (“Class Period”). Union further alleges that the truth about Oracle’s…