Oracle Corp. was sued by a New York pension fund over allegations the company is withholding information about its political donations.
The lawsuit, filed Monday in Delaware Chancery Court in Wilmington by the $182.5 billion New York State Common Retirement Fund, Albany, seeks access to business records outlining the contributions.
Some corporate executives might provide personal funds, which might require added scrutiny, and “stockholder oversight is necessary” to “assess the risks” posed by corporate spending, the complaint said. The pension fund owns about 10 million shares of the Redwood City, Calif.-based software company.
“Disclosure of contributions minimizes the potential for abuse of the campaign finance system,” the pension fund said in court papers, quoting U.S. Chief Justice John Roberts.