SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Saba Software, Inc. -SABA
BALA CYNWYD, Pa., Feb. 11, 2015 /PRNewswire/ -- 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") (SABA-News) 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.
SOURCE Brodsky & Smith, LLC
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