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Oracle Gets Hit With An Ethics Suit


In Business This Week

ORACLE GETS HIT WITH AN ETHICS SUIT

TWO YEARS AGO, LAWSUITS charging it with questionable accounting practices clipped Oracle's wings. Now, the software giant is soaring again--and facing another potentially embarrassing lawsuit. On Oct. 24, former executive Terence Garnett sued Oracle and CEO Lawrence Ellison, alleging breach of contract and fraud over Garnett's ouster two months earlier. Garnett claims in the suit that while he was an Oracle employee, Ellison ordered him to take actions that would create a conflict of interest between Ellison and Oracle. Oracle execs call the suit "unfounded."EDITED BY KEITH H. HAMMONDS


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