Rimini Street - 500 Beiträge pro Seite

[R-BgO]

heute erste Position an der NASDAQ gekauft;

das hier hat mich überzeugt:

[R-BgO]

Antwort auf Beitrag Nr.: 56.568.823 von R-BgO am 29.12.17 16:30:49

bisher hatte ich hier gepostet:

Thread: Rimini Street

[R-BgO]

nach dem Q1-Bericht von $8 auf $5,30...

Kaufgelegenheit oder begründet?

[R-BgO]

Q2 & Q3 waren durch außerordentliche Reif-Kosten verhagelt;

Oracle versucht "litigate to death".

Komplizierter, als es auf den ersten Blick aussah, aber spannend.

[R-BgO]

Rimini Street Wins Unanimous Ruling; Supreme Court Orders Oracle to Return $12.8 Million

LAS VEGAS--(BUSINESS WIRE)--Mar. 4, 2019--

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today issued the following statement in response to the U.S. Supreme Court’s decision in Rimini Street v. Oracle:

“Today, the U.S. Supreme Court issued a unanimous decision of national significance in copyright law, reversing earlier decisions by lower courts and ruling that Oracle must return $12.8 million in non-taxable expenses (plus interest) that Rimini Street paid to Oracle in 2016.

This refund is in addition to the $21.5 million that Oracle previously returned to Rimini Street, following a decision by the Ninth Circuit Court of Appeals on Rimini Street’s appeal of the judgment in the Oracle v. Rimini Street case. The decision resolves a nationwide split among federal appellate courts about the proper measure of costs in copyright litigation.

Today’s ruling corrects another significant legal error in the Oracle v. Rimini Street case that was tried in 2015. Oracle ultimately lost 23 out of its 24 claims that were brought in the suit, and Rimini Street was found liable only for “innocent” copyright infringement. Rimini Street CEO, Seth A. Ravin, was exonerated on all claims.

‘We are pleased with this latest victory in the highest Court, and look forward to continuing our fierce competition with Oracle in the marketplace by providing the best enterprise software support service and value for Oracle licensees worldwide,’ said Ravin.

Rimini Street continues to aggressively pursue its pending appeal in the U.S. Ninth Circuit Court of Appeals to recover an additional $28.5 million from Oracle, among other requested relief.”

Mark A. Perry of Gibson, Dunn & Crutcher LLP, who argued the case for Rimini Street in the Supreme Court, added: “The Supreme Court unanimously agreed with the structural, grammatical, and historical arguments that we advanced on behalf of Rimini Street, and rejected the contrary positions put forth by Oracle. The Court brought cost awards under the Copyright Act back into line with hundreds of other federal statutes.”

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Rimini Street Statement on U.S. Appeals Court Ruling

LAS VEGAS--(BUSINESS WIRE)--Aug. 19, 2019--

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today issued the following statement in response to the August 16, 2019 ruling by the U.S. Ninth Circuit Court of Appeals in the Oracle v. Rimini Street litigation which was filed in January 2010, went to trial in 2015, and has been on appeal since:

“We are pleased that the Appeals Court again corrected legal errors in the District Court’s post-trial orders, adding to the Appeals Court’s and Supreme Court’s prior reversals in this case and refunds from Oracle totaling over $34 million.

Oracle lost 23 of 24 claims it originally pursued against Rimini Street in this case, with the jury finding that Rimini Street engaged in “innocent infringement” on the remaining claim. Rimini Street had voluntarily stopped using the legacy processes that were found to be infringing before the 2015 trial and before the District Court issued an injunction barring the use of those legacy processes in 2018. The injunction, which has been narrowed by the Appeals Court, does not prohibit Rimini Street’s provision of services for any Oracle product lines, but rather defines the manner in which Rimini Street can provide support services for certain Oracle product lines. Oracle did not prevail on any of its claims against Rimini Street’s CEO, Seth A. Ravin.

Although the Appeals Court identified and corrected legal errors in this latest court round, it did not vacate the injunction entirely and did not provide any refund of the $28 million in Oracle legal fees that Rimini Street had previously paid in full in 2016. In light of the latest Appeals Court decision, we are evaluating our legal options.”