The Law Firm of Weiss & Lurie Investigates SuccessFactors, Inc
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NEW YORK--(EON: Enhanced Online News)--Weiss & Lurie is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of SuccessFactors arising from its agreement to be acquired by SAP America. img border='0' title='Add to Google' alt='A
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The Law Firm of Weiss & Lurie Investigates
SuccessFactors, Inc.
December 07, 2011 06:23 PM Eastern Time
NEW YORK--(EON: Enhanced Online News)--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
info@weisslurie.com 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 info@weisslurie.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.
Contacts
Weiss & Lurie
Richard A. Acocelli, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
T: 212-682-3025
F: 212-682-3010
www.weisslurie.com
info@weisslurie.com
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