Class Action Lawsuit On Behalf Of Taleo Corporation (NASDAQ: TLEO) Investors Against Taleo Corp. Filed
New Shareholders Class Action Lawsuit +++ Deadline expires on January 16, 2009 +++ Go To -> www.ShareholdersFoundation.com & Never Miss A Deadline +++
On Monday, November 17, 2008, a shareholder filed a proposed securities class action lawsuit on behalf of investors of Taleo Corporation (NASDAQ: TLEO) securities between October 4, 2005 and November 10, 2008 against Taleo Corporation, (NASDAQ: TLEO) and officers and directors of Taleo Corp. in the United States District Court for the Northern District of California.
If you acquired or purchased Taleo Corporation (NASDAQ: TLEO) securities between October 4, 2005 and November 10, 2008, you have certain options and there are strict and short deadlines running. (January 16, 2009). You should contact the Shareholders Foundation, Inc. immediately!
Shareholders Foundation, Inc.
3111 Camino del Rio North
– Suite 423 –
San Diego, CA 92108
Fax: +1-(858)-605-5739(Facsimile)
According to the complaint the plaintiff alleged that the defendants misled or failed to inform the investing public regarding the Taleo Corp.’s historical and current accounting practices with respect to the timing for recognition of application and consulting revenues under generally accepted accounting principles in theUnited States (”GAAP”). These policies, which reflected an inappropriate application of GAAP designed to accelerate the recognition of revenues, had been part of a scheme to defraud investors since Taleo Corp.’s initialpublic offering in October 2005 and as a result of this acceleration of revenues, Taleo Corp. was able to present to investors a ‘rosier picture’ of its financial condition than the appropriate revenue figures would have depicted, so the lawsuit, and when the truth was revealed to the market, the price of Taleo Corp. common stock dropped $3.06, or 28 percent, to $7.99.
If you acquired or purchased Taleo Corporation (NASDAQ: TLEO) securities between October 4, 2005 and November 10, 2008, you have certain options and there are strict and short deadlines running. (January 16, 2009). You should contact the Shareholders Foundation, Inc. immediately!
Shareholders Foundation, Inc.
Allen Trevor
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739 Mail@ShareholdersFoundation.com www.ShareholdersFoundation.com
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