Rimini Street Ordered To Pay Oracle $58.5M In Attorneys' Fees And Costs By Oct 23 Following District Court Ruling; Rimini Files Notice Of Appeal Against The Award
Portfolio Pulse from Benzinga Newsdesk
Rimini Street has been ordered to pay Oracle $58.5 million in attorneys' fees and costs by October 23, following a district court ruling. Rimini has filed a notice of appeal against this award.
September 25, 2024 | 12:13 pm
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Rimini Street is required to pay Oracle $58.5 million in legal fees by October 23, as per a district court ruling. Rimini has filed an appeal against this decision.
The court ruling requiring Rimini Street to pay a substantial amount in legal fees to Oracle is likely to negatively impact RMNI's stock price in the short term. The appeal indicates ongoing legal challenges, which can create uncertainty for investors.
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