The Law Firm Of Weiss & Lurie Investigates SuccessFactors, Inc.
Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of SuccessFactors, Inc. (“SuccessFactors” or the “Company”) (Nasdaq: SFSF) arising from its agreement to be acquired by SAP America, Inc., a subsidiary of SAP AG (“SAP”). The proposed transaction is valued at approximately $3.4 billion.
Under the terms of the definitive merger agreement entered into by the parties, SAP will commence a tender offer to acquire all of the outstanding shares of SuccessFactors for $40.00 per share in cash. The tender offer is scheduled to commence within 10 business days of December 3, 2011.
Weiss & Lurie is investigating whether SuccessFactors’ Board breached its fiduciary duty to its shareholders in approving the transaction. The investigation includes whether the proposed transaction provides adequate value to SuccessFactors’ shareholders and whether the Board failed to adequately shop the Company before entering into the agreement. SuccessFactors’ stock has traded at more than the $40.00 per share agreed to by the Board and prior to the announcement of the deal, at least one analyst had set the price target for the stock at $45 per share.
If you are a shareholder of SuccessFactors and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Richard A. Acocelli either by email at firstname.lastname@example.org or by telephone at (888) 593-4771.Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.Attorney Advertising. Past results do not guarantee a similar outcome.
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