LAS VEGAS, August 14, 2018 – Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today issued the following statement in response to Oracle’s statement regarding the U.S. District Court’s decision to grant Oracle’s request for an injunction:
"Today, the District Court announced that it intends again to enjoin Rimini Street’s former support processes that were previously litigated and found by a jury to be “innocent” copyright infringement. Today’s court order contains the same legal defects and flaws that resulted in the last injunction being stayed and then vacated by the U.S. Court of Appeals for the Ninth Circuit. For that reason, as soon as an injunction is actually issued, Rimini Street will seek a stay pending appeal, and we look forward to successful resolution of this matter in the appellate process. Approximately $28.5 million held in escrow for attorney’s fees by the District Court will be released to Oracle pending further appeal."