SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Saba Software, Inc.
February 28 2015 - 9:05AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Saba Software, Inc. ("Saba” or "the Company") (OTC PINK: SABA) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Vector Capital
(“Vector”).
Click here to learn more about the investigation
http://brodsky-smith.com/889-saba-saba-software-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Saba shareholders will
receive only $9.00 in cash for each share of Saba stock they own.
The investigation concerns whether the Board of Saba breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Vector is underpaying for Saba. The transaction may undervalue Saba
and will result in a loss for many Saba shareholders. For example,
Saba stock traded at $14.08 per share as recently as September 19,
2014 and an analyst has set a $17.00 per share price target for
Vector stock. In addition, the investigation seeks to determine if
conflicts of interest played a role in the transaction. Former Saba
chief executive and other executives recently settled charges of
accounting fraud.
If you own shares of Saba stock and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/889-saba-saba-software-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/889-saba-saba-software-inc.html