Evidence
Judge Finds Oracle CEO Withheld E-Mail in Investor Suit
Posted Sep 3, 2008 7:33 AM CST
By Debra Cassens Weiss
A federal judge in San Francisco has found that Oracle Corp. CEO Larry Ellison deliberately destroyed or withheld e-mail and failed to preserve tape recordings in an investor lawsuit.
U.S. District Judge Susan Illston said jurors will be told they could infer the documents and tapes would have shown Ellison knew about problems with Suite 11i software and the economy's effects on Oracle business, Bloomberg News reports. The tapes were interviews made for a book called Softwar.
The suit claims Ellison sold $900 million in Oracle stock before investors were told of the company’s problems.
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Comments
Benjamin Wright
Sep 3, 2008 3:02 PM CST
E-discovery stories like this happen every day. E-discovery risks give all enterprises incentive to be more generous in their retention of electronic mail and text messages. —Ben http://legal-beagle.typepad.com/wrights_legal_beagle/2008/08/healthcare-government-e-discovery-and-e-mail-destruction.html
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