NEW YORK, April 18, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Saba Software, Inc. ("Saba" or the "Company") (SABA), concerning whether the board has breached its fiduciary duties to shareholders.
For the past year, Saba has been plagued by accounting problems. In August and November of 2012, the Company announced restatements to its financial results from 2008 through the middle of 2012. In March 2013, the Company's founder and CEO abruptly resigned.
On April 9, 2013, the Company was delisted from the Nasdaq GM exchange.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Saba shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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