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Gilman Law LLP Notifies Investors of Potential Claims Available for Breaches of Fiduciary Duty by the Board of Taleo Corporation in Connection With Acquisition of Taleo by Oracle Corporation - TLEO

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NAPLES, Fla., Feb. 21, 2012 (GLOBE NEWSWIRE) -- Taleo Class Action Lawsuit was filed by Investors in Taleo Corporation (Nasdaq: TLEO) alleging breaches of fiduciary and violations of other state law against the Taleo Board in connection with the sale of the company to Oracle Corporation. Specifically, the complaint concerns whether the Taleo Board of Directors breached their fiduciary duties to Taleo stockholders by failing to adequately shop the Company before entering into this transaction and whether Oracle Corporation is underpaying for Taleo shares, thus unlawfully harming Taleo stockholders.  Furthermore, at least one analyst set a price target 13% higher than the price offered per Taleo share.

Those investors who purchased or otherwise acquired Taleo Corporation shares and currently hold those shares should contact Gilman Law LLP for a free consultation to discuss their rights to recovery and/or claims. Investors may contact Gilman Law LLP by phone at (239) 221-8301, by e-mail at tshea@gilmanpastor.com, or by visiting the Taleo Corporation Class Action Lawsuit Recovery Website and completing the free consultation form.

About Gilman Law LLP

The securities law attorneys of Gilman Law have more than 32 years of experience in securities law and have been involved in all major aspects of securities litigation. Gilman Law handles cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration.

The Gilman Law LLP Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11688

CONTACT: Gilman Law LLP Naples, Florida (239) 221-8301 tshea@gilmanpastor.com

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