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EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Saba Software, Inc.
[September 25, 2014]

EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Saba Software, Inc.


NEW YORK --(Business Wire)--

The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against Saba (News - Alert) Software, Inc. (OTC:SABA) resulting from allegations that the Company may have issued materially inaccurate statements about the Company's financial condition and prospects.

On September 25, 2014, the Securities and Exchange Commission charged Saba Software (News - Alert) and two of its former executives with committing an accounting fraud involving the falsification of timesheets in order to hit quarterly targets. According to the SEC (News - Alert), Saba Software overstated its pre-tax earnings by approximately $70 million from October 4, 2007 to January 6, 2012. Saba Software agreed to pay $1.75 million, while its two former executives agree to pay aproximately $150,000 to settle the SEC's charges. Separately, the SEC required Saba Software's CEO Babak "Bobby" Yazdani to reimburse the company $2.5 million in bonuses and stock profits he received while the accounting fraud was occurring.



The Rosen Law Firm is preparing a securities class action lawsuit on behalf of Saba Software investors. If you purchased Saba Software stock on or before September 24, 2014, please visit the website at http://www.rosenlegal.com/cases-372.html to join the class action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.


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