Levi & Korsinsky is investigating the Board of Directors of SuccessFactors, Inc. (“SuccessFactors” or the “Company”) (NYSE: SFSF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to SAP America, Inc., a subsidiary of SAP AG (NYSE: SAP). Under the terms of the transaction, SuccessFactors shareholders will receive $40.00 per share of SucessFactors stock they own. The transaction has a total approximate value of $3.4 billion.
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The claims concern whether the SuccessFactors Board of Directors breached their fiduciary duties to SuccessFactors stockholders by failing to adequately shop the Company before entering into this transaction and whether SAP AG is underpaying for SuccessFactors shares, thus unlawfully harming SuccessFactors stockholders. In particular, at least one analyst set a price target of $45.00 per SuccessFactors share.
If you own common stock in SuccessFactors and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.