Faruqi & Faruqi, LLP Launches An Investigation Against EMCORE Corporation (EMKR) For 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 EMCORE Corporation (“EMCORE” or the “Company”) (NasdaqGM: EMKR) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the 2012 Equity Incentive Plan and the 2000 Employee Stock Purchase Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 28, 2014, the Board of Directors recommends that EMCORE’s shareholders vote to approve the issuance of shares of the common stock by 1,000,000 under the 2012 Equity Incentive Plan. Further, the Board seeks to issue an additional 1,000,000 shares under the 2000 Employee Stock Purchase Plan. The issuance of these shares could have a substantial dilutive effect on the shares of EMCORE common stock.
If you own common stock in EMCORE 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.