> A proposed class action lawsuit was filed in a New York state court in Manhattan, on behalf of investors who purchased $18B worth of debt issued by Oracle in September.
> Oracle's debt load has come under scrutiny from investors, who fear the company may be taking on too much in an effort to help build artificial intelligence data centers.
So these investors bought up Oracle's bonds, who kept issuing more pushing the price down, and now those investors are suing. I don't see any legal leg for them to stand on.
market threads
> A proposed class action lawsuit was filed in a New York state court in Manhattan, on behalf of investors who purchased $18B worth of debt issued by Oracle in September.
> Oracle's debt load has come under scrutiny from investors, who fear the company may be taking on too much in an effort to help build artificial intelligence data centers.
So these investors bought up Oracle's bonds, who kept issuing more pushing the price down, and now those investors are suing. I don't see any legal leg for them to stand on.
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