UPDATE - INVESTOR ALERT: Levi & Korsinsky, LLP Launches an Investigation of the Board of Directors of Saba Software, Inc. In ...
February 11 2015 - 11:04AM
Business Wire
Levi & Korsinsky is commencing an investigation into the
Board of Directors of Saba Software, Inc. (“Saba Software” or “the
Company”) (OTHER OTC: SABA) in connection with possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Vector Capital.
Click here to learn more about the investigation:
http://zlk.9nl.com/saba-software-saba.
Under the terms of the transaction, Saba Software shareholders
will receive $9.00 in cash for each share of Saba Software stock
they own. The investigation concerns whether the Board of Saba
Software breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this
transaction, and whether Vector Capital is underpaying for Saba
Software shares. In particular, Saba Software stock has traded
above the offer price as recently as February 6, 2015, and traded
as high as $13.70 per share in December.
If you own Saba Software common stock 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 visit
http://zlk.9nl.com/saba-software-saba.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com