The action seeks damages for investor who purchased Oracle shares between May 10, 2017 and March 19, 2018 and suffered losses of more than $100,000. An inquiry has been sent to Oracle public relations asking for a response. “Oracle’s cloud revenues were driven in part by coercive and improper sales tactics,” the suit claims. The alleged practices include the following: threatening clients with audits of non-cloud software usage if the clients did not shift software to cloud computing options; decreasing support for some products to push customers to the cloud; and threatening dramatic license price increase if customers use products from another cloud vendor. That caused some customers to not renew some licenses or to cut ties with Oracle and when that news hit the market investors were allegedly damaged as stagnant cloud revenue hit stocks. The complaint alleges at an investor conference on May 20, 2017, an analyst asked Ken Bond, SVP of investor relations, about heavy-handed audit practices. Bond was quoted as replying that Oracle approaches its audits in “as gracious a way as we can” and that “this conversation is going to go away." The suit was filed in the U.S. District Court for the Northern District of California.