Oracle Faces $115 Million Class Action Settlement
Settlement Administrator Announces Proposed Resolution
Settlement Administrator Angeion Group has announced a proposed class action settlement worth $115 million involving Oracle America, Inc. The settlement stems from allegations that Oracle America engaged in deceptive marketing practices related to its cloud computing services.
Key Details of the Settlement
Compensation for Affected Customers
The settlement proposes to provide compensation to individuals and businesses who purchased Oracle cloud computing services between January 1, 2016, and December 31, 2022. Eligible claimants may be entitled to a cash payment or a credit towards future Oracle cloud services.
Modified Marketing Practices
As part of the settlement, Oracle America has agreed to modify its marketing practices to ensure that customers have clear and accurate information about its cloud computing services. This includes providing more transparent pricing and performance information.
Claims Process
To file a claim, eligible individuals and businesses must submit a claim form by the deadline. Claim forms and additional information are available on the settlement website: www.oraclecloudsettlement.com
Understanding the Settlement
Alleged Deceptive Marketing
The lawsuit alleged that Oracle America engaged in deceptive marketing practices, including misrepresenting the performance and capabilities of its cloud computing services. Specifically, plaintiffs claimed that Oracle America inflated performance benchmarks and failed to disclose limitations.
Impact on Customers
The alleged deceptive marketing practices may have led customers to purchase Oracle cloud computing services that did not meet their expectations. This could have resulted in financial losses or wasted resources.
Resolution and Compensation
The proposed settlement provides a resolution to the class action lawsuit and offers compensation to affected customers. The settlement includes cash payments, credits for future services, and modified marketing practices to prevent similar issues in the future.
Additional Information
For more information about the settlement, individuals and businesses can visit the settlement website: www.oraclecloudsettlement.com
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