Oracle Sued by N.Y. Pension Over Political-Giving Disclosure
- Company records on donations sought in Delaware suit
- Stockholder oversight called necessary to prevent abuse
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New York Comptroller Thomas DiNapoli, seeking greater disclosure of corporate political donations, sued Oracle Corp., demanding that the world’s largest database maker reveal its political spending records.
DiNapoli, a Democrat backed by labor unions, has been using his position as the sole trustee of New York’s $184.5 billion pension fund to press corporations to make their donations public after the Supreme Court’s 2010 ruling in Citizens United allowed companies to make political gifts without limitations.