BIOLASE CEO says 'absurd' Oracle claims must be addressed BIOLASE CEO Federico Pignatelli stated, "I would prefer not to respond to [Oracle Partners'] absurd claims but their press release dated May 14, 2014 is an inappropriate attempt to mislead our stakeholders and accordingly it must be addressed." BIOLASE accuses Oracle of "blatantly trying to gain control" of the company's board and said that Oracle's lawsuit had a "dramatic and meaningful impact" on its end of quarter sales for the three months ended March 31. "I trust that the pending decision by the Chancery Court of Delaware will shed light on the true nature of Oracle's attempted takeover of BIOLASE. It is my firm belief that Oracle's lawsuit was an effort to disguise their ultimate goal to gain control of BIOLASE without paying the substantial premium that our stockholders deserve," said Pignatelli.
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