Crandall Melvin Professor of Law Shubha Ghosh spoke with Politico on the potential Oracle/TikTok deal in the story “Trump’s TikTok-Oracle deal could break the law — but nobody can stop him”.
Oracle shareholders may have standing to sue if the deal negatively affects the value of Oracle stock. However, even concerned shareholders may be unable to stop a deal between Oracle and TikTok from moving forward. Ghosh said shareholder lawsuits typically take place “after the fact,” triggering only once a deal is agreed to and later goes sideways.