The Securities and Exchange Commission charged Oracle under the Foreign Corrupt Practices act for failing to keep its India subsidiary from creating a slush fund used to pay phony vendors.
According to an SEC statement, Oracle settled the charges by paying a $2 million fine. For Oracle, the SEC flap is the latest court setback. For example, Hewlett-Packard recently won lawsuit over Oracle's decision to not support Itanium. The Itanium suit is a problem for Oracle, which will likely appeal the setback since HP could garner significant damages. The Java loss vs. Google was also notable … Read more