Faruqi & Faruqi, LLP Launches An Investigation Against Agree Realty Corp. (ADC) Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Agree Realty Corp. (“Agree Realty” or the “Company”) (NYSE: ADC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the 2014 Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 26, 2014, the Board of Directors recommends that Agree Realty’s shareholders vote to approve the 2014 Omnibus Incentive Plan to authorize an issuance of 1,000,000 shares of the common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of Agree Realty common stock.
If you own common stock in Agree Realty and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.