NEW YORK, Feb. 26, 2015 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Saba Software, Inc. ("Saba" or the "Company") (OTC: SABA) for potential breaches of fiduciary duties in connection with the sale of the Company to Vector Capital for approximately $268 million in cash. The Company's stockholders will only receive $9.00 for each share of Saba common stock they own.
The investigation focuses on whether Saba's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Saba's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Saba and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SABA or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
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