Borland Software Corporation, Inc. Investigation

L&K is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Borland arising out of their attempt to sell the Company to Micro Focus for only $1.00 per share in cash. The transaction appears to be unfair given that, among other things, the Company’s shares traded as high as $1.94 per share as recently as September 2008, the Company has more than $2.29 per share in cash and the median share price target set by analysts is $1.50 per share, significantly more than the transaction price of $1.00 per share agreed to by Borland’s Board. Notwithstanding the above, Borland’s Board has unanimously approved the merger transaction and has directed that the transaction be submitted to Borland’s stockholders for approval. The merger agreement furthermore contains a strict “no-shop” provision that prevents Borland from soliciting, initiating, or even encouraging or facilitating any acquisition proposal from any third party who would be willing to offer a higher price to Borland’s shareholders.  Also, under certain circumstances, if Borland’s shareholders refuse to approve this transaction, then Borland would be obligated to pay a termination fee and the expenses of Micro Focus up to $3.0 million. If you own common stock in Borland and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/borl.html L&K has extensive experience in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice

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