TMCnet News
Harwood Feffer Probes Saba Software [Health & Beauty Close - Up](Health & Beauty Close - Up Via Acquire Media NewsEdge) Harwood Feffer is investigating potential claims against the board of directors of Saba Software, concerning whether the board has breached its fiduciary duties to shareholders. According to a media release, on September 25, Saba and two former executives were charged by the U.S. Securities and Exchange Commission ("SEC") with accounting fraud involving the falsification of timesheets in order to achieve quarterly targets. Saba is alleged to have overstated earnings by approximately $70 million between the end of 2007 and the beginning of 2012. 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. More information and complete details: www.hfesq.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ] |