The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Taleo Corporation in Connection with the Sale of the Company to Oracle Corporation

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Feb 13, 2012, 06:39 ET

NEW YORK, Feb. 13, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Taleo Corporation ("Taleo " or the "Company") (Nasdaq: TLEO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Oracle Corporation (Nasdaq: ORCL). 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.

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 investigation 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. 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 [email protected] 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:
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

SOURCE Levi & Korsinsky, LLP