DENVER, Nov. 14, 2008 (GLOBE NEWSWIRE) -- The law firm of Dyer & Berens LLP (www.DyerBerens.com) announced today that it has initiated an investigation concerning losses suffered by certain investors who purchased the common stock of Taleo Corporation (Nasdaq:TLEO) ("Taleo" or the "Company").
On November 10, 2008, Taleo announced that it would not meet the deadline for filing its Form 10-Q with the Securities and Exchange Commission and that its auditors had requested it re-evaluate whether its historical and current practices with respect to the timing for recognition of application and consulting revenues were appropriate under Generally Accepted Accounting Principles. In response, the Company's stock price tumbled almost 30% to a new 52-week low and some analysts speculated that a restatement of the Company's revenue and earnings was likely.
If you have information relevant to the investigation, or if you believe you were harmed by potentially false or misleading statements of the Company, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362 or via email at jeff@dyerberens.com.
The law firm of Dyer & Berens LLP focuses on complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.