According to a press release a law firm continues the investigation concerning losses suffered by certain investors who purchased the common stock of Taleo Corporation (NASDAQ: TLEO).

According to the press release on November 10, 2008, Taleo Corporation (NASDAQ: TLEO) announced that it would not meet the deadline for filing its Form 10-Q with the U.S. 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 (GAAP). As a result of this news Taleo Corp.s (NASDAQ: TLEO) stock price declined almost 30% to a new 52-week low and some analysts speculated that a restatement of the Taleo Corp.s revenue and earnings was likely., so the investigation