SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

February 16, 2012 11:51 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Taleo Corporation in Connection With the Sale of the Company to Oracle Corporation

NEW YORK, NY--(Marketwire - Feb 16, 2012) - 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 Information

  • 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