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.
Copyright Business Wire 2015