Taleo Class Action Lawsuit Filed on Behalf of Investors in Taleo Corporation Alleging Breaches of Fiduciary Duty by the Taleo Board in Connection with Acquisition of Taleo by Oracle Corporation
Taleo Class Action Lawsuit was filed by Investors in Taleo Corporation (NASDAQ:TLEO) alleging breaches of fiduciary and violations of other state law against the Taleo Board in connection with the sale of the company to Oracle Corporation. Specifically, the complaint concerns 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. Furthermore, at least one analyst set a price target 13% higher than the price offered per Taleo share.
Those investors who purchased or otherwise acquired Taleo Corporation shares and currently hold those shares should complete the free consultation. Investors may contact Gilman Law LLP by phone at (239) 221-8301, by email at tshea@gilmanpastor.com, or by completing the free consultation form below.
About Gilman Law LLP
The securities law attorneys of Gilman Law have more than 32 years of experience in securities law and have been involved in all major aspects of securities litigation. Gilman Law handles cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration.
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