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Mergers & Acquisitions

Mar. 15, 2012

Taleo hit with class action over $1.9 billion sale to Oracle

A group of investors in a Dublin, Calif.-based software producer have lodged a proposed class action against the company's executive management over the $1.9 billion sale of the company.


By Saul Sugarman


Daily Journal Staff Writer


A group of investors in a Dublin-based software producer have lodged a proposed class action against the company's executive management, claiming top employees acted in their own interest when they facilitated the company's $1.9 billion sale to Oracle Corp.


Taleo Corp., which creates software to assist in corporate recruiting, was acquired in February by the Redwood City-based technology gian...

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