The state sued Oracle America Inc. and six of its top executives, accusing the software giant of fraud for failing to deliver a working website for the Affordable Care Act program.
Some analysts say the cloud-computing juggernaut is overly reliant on stock-based pay and that a prolonged slump in its share price could harm the health of its core operations.
Gov. John Kitzhaber asked the state attorney general to sue the company that built the state’s online health insurance enrollment system, the failure of which resulted in multiple investigations.
Grand jury subpoenas demanded all records, including email correspondence and memos related to federal funds that might have been used in developing, building or administering the state’s website.