On November 16th, the Ninth Circuit affirmed the entry of summary judgment dismissing plaintiffs' securities fraud lawsuit against Oracle and its executives. Plaintiffs did not develop evidence that would allow a jury to conclude that defendants' earnings forecasts or statements were material misrepresentations or omissions. Plaintiffs also failed to develop sufficient evidence to permit a jury to conclude that plaintiffs' losses were caused by defendants' alleged fraud. In re Oracle Corp. Securities Litigation.