By Simply Wall St
Publication Date: 2026-02-17 16:10:00
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Multiple securities fraud class action lawsuits have been filed against Oracle, alleging that the company misled investors about the financial impact and risks of its investments in AI infrastructure.
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The lawsuits also allege that Oracle misrepresented the scope and impact of new government cloud contracts, including work with the U.S. Air Force and the Centers for Medicare & Medicaid Services.
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These legal actions come as Oracle continues to win large public sector cloud and AI deals that are central to its growth story.
For investors tracking NYSE:ORCL, the new lawsuits come at a time when the stock has a mixed return profile. Shares recently closed at $160.14, representing a return of 92.6% over 3 years and 165.9% over 5 years, compared with a decline of 16.2% in the last 30 days and a decline of 18.2% year to date. The…