Oracle Faces Wrongful Termination Lawsuit by Sr. Finance Manager

Oracle (ORCL) - Get Report shares are lower in Thursday's session following the disclosure of a whistleblower lawsuit by a former senior finance manager. In the complaint, the employee alleges that she was wrongfully terminated by Oracle because she refused to 'add millions of dollars in accruals to financial reports, with no concrete or foreseeable billing to support the number.' Furthermore, in a note from JMP analysts, industry sources have suggested that Oracle plans to implement a sales restructuring this coming Monday. The fill or kill team keep will be keeping an eye on what the impact could be of that potential restructuring for the company and for the shareholders.

This article was written by a staff member of TheStreet.