WASHINGTON, Nov. 13, 2008 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP, a Washington, D.C. law firm that handles shareholder litigation matters, is investigating Taleo Corp's (Nasdaq:TLEO) ("Taleo") September 10 announcement that it will be delaying reporting third-quarter earnings to review its accounting practices. The day after this announcement was made, Taleo shares lost nearly 30% of their value.
News reports indicate the delay resulted from a request from Taleo's auditor's request that Taleo review the way it recognizes sales. Shortly after the delay was announced, Oppenheimer & Co. analyst Brad Reback downgraded Taleo.
If you are a Taleo shareholder and wish to discuss your rights and interests as an investor, please contact our Washington, D.C. office toll-free at (877) 337-1050 or by email at contact@finkelsteinthompson.com.