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- Rimini Street (RMNI -3.2%) provides an update on its 11-year litigation with Oracle (NYSE:ORCL).
- RMNI said a U.S. federal court found that the firm violated a 2018 permanent injunction, awarded sanctions of $630K and ordered that certain computer files be quarantined from use.
- The court also said Oracle may recover its reasonable attorneys’ fees.
- The permanent injunction defines the manner in which RMNI can provide support services for certain Oracle product lines but does not prohibit support of any Oracle products.
- While RMNI said it strives to comply with the court orders and the law, it disagreed with many of the court's findings.
- The firm is evaluating potential next steps, which could include an appeal to the U.S. Ninth Circuit Court of Appeals.
- RMNI is also planning to litigate the matters in the lawsuit brought by it against Oracle in 2014, including its claim that Oracle engaged in illegal anticompetitive conduct.
- Oracle had provided the following statement on Jan.12: "We are grateful that our rights have been vindicated once again, and the court recognizes Rimini as a bad actor that violates federal law," said Dorian Daley, ORCL's executive VP and general counsel.