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Larry Ellison Sued Over Diagnostic Startup’s Series B Financing

Oct. 6, 2021, 6:15 PM

Autonomous Medical Devices Inc. investors filed suit in Delaware against its board and majority owner—billionaire Oracle Corp. founder Larry Ellison, one of the world’s richest people—to challenge the terms of the medical diagnostic startup’s “series B” financing.

The lawsuit, made public Wednesday in Delaware Chancery Court, is so heavily redacted that it’s impossible to make out the precise nature of the alleged wrongdoing by Ellison, one of his investment vehicles, and AMDI’s three-member board.

AMDI didn’t immediately respond to a request for comment Wednesday.

About 60% of the complaint’s 62 pages are completely blacked out, and most of the others ...