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Rimini Street (RMNI) issued the following statement regarding the recent court ruling on the motion to stay the injunction: "Once again, Oracle's (ORCL) apparent fear of Rimini Street's strong value proposition and compelling 'Business-Driven Roadmap' alternative that has been successfully implemented by a growing list of more than 2,600 clients since 2005, including more than 150 Fortune 500 and Global 100 clients, appears to be fueling its misleading and increasingly desperate marketing campaign. The U.S. Ninth Circuit Court of Appeals found that Rimini Street 'provided third-party support for Oracle's enterprise software, in lawful competition with Oracle's direct maintenance services.' In 2016, following the Oracle v. Rimini Street trial, the U.S. District Court issued an overly broad and vague injunction against Rimini Street. The injunction purported to address former support processes that are no longer in use, and that have not been used since July 2014 at the latest. Rimini Street immediately appealed the injunction to the Court of Appeals, citing numerous legal flaws. In January 2018, the Court of Appeals vacated that flawed injunction and remanded the matter back to the District Court for reconsideration. On August 15, 2018, the District Court imposed substantially the same flawed injunction that the Court of Appeals had previously vacated, and Rimini Street immediately moved to again appeal the injunction. On November 5, 2018, the Court of Appeals affirmed the briefing schedule for the appeal, but denied Rimini Street's motion for a stay of the injunction pending resolution of the appeal. The Court of Appeals provided no reason for its denial of the stay motion, and the order does not address the merits of Rimini Street's appeal. Rimini Street looks forward to once again having the legally-flawed injunction vacated on appeal." Rimini added, "Rimini Street plans to hold Oracle accountable for any illegal or anticompetitive activity, as it is doing presently with its claims against Oracle filed in a separate lawsuit brought by Rimini Street against Oracle in 2014, Rimini Street v. Oracle, which is pending in the District Court and expected to go to trial in 2021 or later."

Rimini Street issued the following statement in regard to the Oracle (ORCL) v. Rimini Street (RMNI) case: "On September 27, 2018, the United States Supreme Court granted Rimini Street, Inc.'s petition for review in Oracle v. Rimini Street appealing the decision of the Ninth Circuit Court of Appeals allowing an award of non-taxable costs as part of the final judgment awarded to Oracle by the U.S. District Court for the District of Nevada. The Company's appeal argues that the award of $12.8M of non-taxable costs is in direct conflict with decisions in other U.S. Federal Circuit Courts and decisions of the Supreme Court. Rimini Street is seeking a refund of the $12.8M from Oracle. Rimini Street is pleased that the Supreme Court has decided to hear this important case and resolve this key point of law, despite Oracle's opposition. We look forward to this next step in recovering an additional $12.8M from Oracle. No amount of bluster and attempted media spin by Oracle can obfuscate the facts that the jury found Rimini Street's past infringement was 'innocent' and not intentional, that Oracle lost 11 out of 12 claims against the Company, that Oracle lost all claims against Rimini Street's CEO, and that Oracle has already been ordered by the U.S. Court of Appeals to refund $21.5M of amounts previously paid by Rimini Street in 2016. Rimini Street is aggressively pursuing claims and additional appeals against Oracle in Federal Court."

Rimini Street announced it has obtained Single Touch Payroll certification by the Australian Government's Australian Taxation Office for PeopleSoft Global Payroll and SAP HCM Payroll. The new certification enables Rimini Street's Australian clients to submit their payroll data via a 'pay event,' either on or before pay day, to the ATO. Rimini Street's tax, legal and regulatory division passed the complex, rigorous qualification process with the first file submission for both PeopleSoft and SAP software products, well ahead of the deadline set by the ATO.

Rimini Street Inc trading resumes

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