The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Taleo Corpor...
16 Febrero 2012 - 10:51AM
Marketwired
Levi & Korsinsky notifies investors of Taleo Corporation
("Taleo " or the "Company") (NASDAQ: TLEO) of claims of breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to Oracle Corporation. Under the terms of the agreement,
Taleo shareholders will receive $46.00 per share of Taleo stock
they own. The transaction has a total approximate value of $1.9
billion. A complaint was filed in Delaware state court.
Click here to learn how to join the action:
http://www.zlk.com/taleo-corporation-tleo, or call: 877-363-5972.
There is no cost or obligation to you.
The claims concern whether the Taleo Board of Directors breached
their fiduciary duties to Taleo stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Oracle Corporation is underpaying for Taleo shares,
thus unlawfully harming Taleo stockholders. In particular, at least
one analyst set a price target of $50.00 per Taleo share.
If you own common stock in Taleo and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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