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paul.nowak wrote: Matt, thanks for the comments. I made an error on the version of Plone. It's 2.5 Plone running on Zope 2.9x. In regards to the additional products, we have a skin installed and we have a product that we had custom developed for us that connects to a PostgreSQL database. We've looked at slow PostgreSQL queries causing problems and have not been able to find an issue. We've also tested for the case where the PostgreSQL server is down and have not been able to create an issue. We therefor...
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Ellison to Pay $100M to Charity, $22.5M to Oracle Shareholders' Lawyers?
Unusual Settlement Arrangement Would End Derivative Lawsuits Once and For All, and Avoid a Trial

It may well cost $122.5M in total for Larry Ellison (pictured) to settle the so-called derivative lawsuits filed against him in connection with his sale of $900M worth of Oracle stock just before the 2001 price crash, according to the New York Times this morning. $100M would go to charity and $22.5M to the lawyers of the shareholders who filed suit, and one of the most famous inside trading suits of the decade would end – outside of the courtroom.

The Oracle case began with the 2001 sale of some 30 million shares by inside directors Larry Ellison (CEO and then chairman) and Jeffrey Henley (CFO and now chairman) and outsiders Donald Lucas, a venture capitalist, and Michael Boskin, a professor of economics at Stanford and a former chairman of the Council of Economic Advisers.

The four unloaded all this stock just one to two months before the company announced that revenues and earnings for its fiscal third quarter would not meet expectations. The earnings announcement rocked Wall Street; the stock dropped 21% in a day.

Now, shareholders' attorney Joseph J. Tabacco Jr., of Berman DeValerio Pease Tabacco Burt & Pucillo, is saying that If the agreement is approved, Ellison will pay $100 million, "to be approved by Oracle, in the name of Oracle, over a five-year period,'' to charity, in addition to a $22.5M payment to the lawyers for the shareholders.

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Oracle News Desk trawls the world's news information sources and brings you timely updates on Oracle and its ever-expanding enterprise software portfolio, including its entire range of tools for managing business data, supporting business operations, and facilitating collaboration and application development.

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