From PC World: Oracle has informed a federal court that it is settling a lawsuit in which a former employee had charged that she had been terminated from her job for refusing to go along with accounting principles that she did not consider lawful.
In a joint submission Wednesday to the U.S. District Court for the Northern District of California, lawyers for Oracle and the former employee Svetlana Blackburn asked for the vacation of a case management conference scheduled for Thursday, while submitting a notice of settlement to notify the court “that the lawsuit has been settled in principle, and to request thirty (30) days in which to file a dismissal.”
The lawsuit had drawn interest amid concern that companies could be dressing up their cloud revenue in a highly competitive environment. Gartner, for example, warned in December 2015, that “assessing vendor cloud revenue claims has become more challenging, with many vendors' IT-related businesses being complicated and nuanced.”
In her lawsuit filed last year, Blackburn, formerly a senior finance manager in Oracle’s cloud business, alleged that senior management was trying to fit "square data into round holes" to boost the financial reports of the cloud services business. Her superiors are alleged to have ordered her “to add millions of dollars in accruals to financial reports, with no concrete or foreseeable billing to support the numbers."
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