On Tuesday, Shares of Oracle Corporation (NYSE:ORCL), added 0.34% and closed at 38.42in the last trading session. The last trading range of the stock ranges between $38.36 and38.69. Yesterday, the United States District Court for the District of Nevada issued two noteworthyrulings in Oracle’s litigation against Rimini Street and its CEO Seth Ravin.
The first ruling is a permanent injunction barring Rimini Street from continuing to infringe Oracle’s copyrights and other unlawful acts. The Court formerly determined that a permanent injunction was warranted, noting Rimini Street’s “callous disregard for Oracle’s copyrights and computer systems when it engaged in the infringing conduct” and that “Rimini’s business model was built entirely on its infringement of Oracle’s copyrighted software and its improper access and downloading of data from Oracle’s website and computer systems.”
The Court’s four-page permanent injunction prohibits certain copying, distribution, and use of Oracle’s copyrighted software and documentation by Rimini Street and also imposes limitations on Rimini Street’s access to Oracle’s websites. The order states, for example, that Rimini Street may not use a customer’s software environment “to develop or test software updates or modifications for the benefit of any other licensee.” The order also prohibits Rimini Street’s preparation of certain derivative works from Oracle’s copyrighted software. The order applies not only to Rimini Street, but also “its auxiliaries, associates, employees, directors, officers, principals, and agents.”
Sealed Air Corp (NYSE:SEE), dropped -1.14% and closed at $44.21 in the last trading session. The last trading range of the stock ranges between 44.13and45.64. The company’s Market capitalization is $8.72 Billion with the total Outstanding Shares of 196.70 million. Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The companys Food Care segment offers integrated system solutions that incorporate equipment systems into customers operations; and packaging equipment systems that incorporate various options for loading, filling and dispensing, and retort and aseptic processing conditions. It also provides graphic design, printing, training, field quality assurance, and remote diagnostics services; and clean-in-place and open plant systems that integrate cleaning chemicals, lubricants, floor care equipment, and cleaning tools. This segment offers its products under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, Secure Check, Enduro Power, and Optidure brands. Its Diversey Care segment offers products and dispensing systems for hard surface cleaning, disinfecting and sanitizing, hand washing, deodorizing, mechanical and manual ware washing, hard surface and carpeted floor cleaning systems, floor cleaning robots, cleaning tools and utensils, and fabric care for professional laundry applications. The companys Product Care segment provides product care solutions to meet cushioning, void fill, positioning/block-and-bracing, surface protection, retail display, containment, and dunnage needs under the Bubble Wrap and AirCap, Cryovac, Shanklin, Instapak, Jiffy, and Korrvu brand names. Its Other segment offers packaging materials for medical and drug delivery devices; specialty component films for ostomy and colostomy bags; and PVC free film to package pharmaceutical solutions.