Faruqi & Faruqi, LLP Launches An Investigation Against Euronet Worldwide Inc. (EEFT) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Euronet Worldwide Inc. (“Euronet” or the “Company”) (NasdaqGS: EEFT) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for amendments to the 2006 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 15, 2013, the Board of Directors recommends that Euronet’s shareholders vote to approve an amendments to the Company’s 2006 Stock Incentive Plan which would increase the number of shares of Common Stock available for issuance by 3,400,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Euronet common stock.
If you own common stock in Euronet and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.