Judge throws out case against Oracle's Larry Ellison

An eight-year lawsuit in the US against Oracle CEO Larry Ellison has been dismissed because of a lack of evidence.

Eight years ago a lawsuit was launched alleging that Ellison had made false claims that boosted Oracle's share price before he sold millions of them.

Judge Susan Illston of the US District Court for Northern California ruled that the claims were without merit and granted Oracle's request for summary judgment.

The plaintiffs, made up of investors, claimed that they were harmed when Oracle subsequently missed its earnings forecast and the company's share price fell.

"We are extremely gratified that the court has ruled in our favour and brought this long-standing and meritless case to an end," said Deborah Hellinger, an Oracle spokeswoman told the Wall Street Journal.