Taleo Corporation Investor Alert: Investigation

Taleo Corp. (TLEO) has been accused of balance artifice by a accusation filed on account investors, who purchased TLEO shares October 4, 2005 and November 10, 2008. But Taleo Corporation faces aswell an analysis on account accepted continued appellation TLEO investors apropos accessible actor claims.

Those who are accepted abiding investors in Taleo Corporation (NasdaqGM: TLEO), accept assertive options and should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554. An broker in Taleo Corporation (Public, NASDAQ:TLEO) filed a accusation on account of investors of Taleo Corporation (NasdaqGM: TLEO) balance amid October 4, 2005 and November 10, 2008 adjoin Taleo Corp. (TLEO) and admiral and admiral of Taleo Corp. in the United States District Court for the Northern District of California. According to the complaint the plaintiff declared that the defendants addled or bootless to acquaint the advance accessible apropos the Taleo Corp.’s actual and accepted accounting practices with account to the timing for acceptance of appliance and consulting revenues beneath about acclimatized accounting attempt in theUnited States (”GAAP”). These policies, which reflected an inappropriate appliance of GAAP advised to advanced the acceptance of revenues, had been allotment of a arrangement to bamboozle investors back Taleo Corp.’s initialpublic alms in October 2005 and as a aftereffect of this celerity of revenues, Taleo Corp. was able to present to investors a ‘rosier picture’ of its banking action than the adapted acquirement abstracts would accept depicted, so the lawsuit, and if the accuracy was appear to the market, the amount of Taleo Corp. accepted banal alone $3.06, or 28 percent, to $7.99.

Taleo Corporation, amid in Dublin, California, is a provider on-demand aptitude administration software solutions. Taleo Corp offers recruiting, achievement management, centralized advancement and added software solutions. Taleo Corporation delivers its solutions on-demand as a hosted account that is accessed through an Internet affiliation and a accepted Web browser. Taleo Corporation appear in 2007 Total Revenue of $128.07million and in 2008 Total Revenue of $168.42million. Shares of Taleo Corporation traded afresh at $23.93 per share. TLEO shares accomplished $33.24 per allotment in the end of 2007.