Ex-Oracle Employee Accuses Company Of Accounting Chicanery
SAN FRANCISCO (CBS / AP) -- A former employee in Oracle's finance department is accusing the business software maker of trying to pressure her into cooking the books in an effort to boost the company's stock price.
Svetlana Blackburn, a former senior finance manager at Oracle, made the allegations in a lawsuit filed Wednesday in federal court. The complaint seeks damages for wrongful termination and violations of laws protecting workers blowing the whistle on misconduct by their employers.
Oracle Corp. stood behind its accounting practices in a company statement Thursday that derided Blackburn's lawsuit as "malicious prosecution." The Redwood Shores, California, company said it fired Blackburn for poor performance.
Blackburn painted a much different picture in her lawsuit, alleging Oracle tried "to fit square data into round holes" to inflate its financial results.
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