Faruqi & Faruqi, LLP Launches An Investigation Against Hardinge Inc. (HDNG) 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 Hardinge Inc. (“Hardinge” or the “Company”) (NasdaqGS: HDNG) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the 2011 Incentive Stock Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 28, 2014, the Board of Directors recommends that Hardinge’s shareholders vote to approve the 2011 Incentive Stock Plan to increase the number of shares of the common stock by 750,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Hardinge common stock.
If you own common stock in Hardinge 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.