UPDATE - INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of SABA SOFTWARE, INC. of PENDENCY OF CLASS ACTION Lawsu...
February 24 2015 - 10:13AM
The following statement is being issued by Levi & Korsinsky,
LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR
OTHERWISE ACQUIRED COMMON STOCK OF SABA SOFTWARE,
INC. (OTHER OTC: SABA) PRIOR TO FEBRUARY 11,
2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that a securities class
action lawsuit has been commenced in Delaware state court. If you
purchased or otherwise acquired Saba Software common stock prior to
February 11, 2015 and continue to hold your shares, YOUR
RIGHTS MAY BE AFFECTED BY THIS ACTION.
Click here to learn more about the action:
http://zlk.9nl.com/saba-software-saba.
There is no cost or obligation to you.
The Board of Directors of Saba Software agreed to sell
the company to Vector Capital. 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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com