Rimini Street Announces That On July 7, 2025 Co Reached Confidential Settlement with Oracle to Resolve Long-Running Rimini II Case

Author: Benzinga Newsdesk | July 09, 2025 04:10pm

On July 7, 2025 (the "Effective Date"), Rimini Street, Inc. ("Rimini" or the "Company") and its President, Chief Executive Officer and Chairman of the Board, Seth A. Ravin ("Ravin"), entered into a confidential settlement agreement (the "Settlement Agreement") with Oracle Corporation and certain of its affiliates (collectively, "Oracle") (and all signatories collectively the "Parties"). If all Parties complete their agreed upon responsibilities, the Settlement Agreement will allow for the final resolution and ultimate dismissal of Case Number 2:14-cv-01699-MMD-DJA ("Rimini II"), which is currently before the United States District Court for the District of Nevada (the "District Court") for further proceedings, following remand from the Ninth Circuit Court of Appeals (the "Ninth Circuit"). The Parties entered into the Settlement Agreement to provide a full, final, complete and global settlement of the subject matter of the Rimini II case.

Posted In: ORCL RMNI