Faruqi & Faruqi, LLP Launches An Investigation Against Peapack-Gladstone Financial Corp. (PGC) 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 Peapack-Gladstone Financial Corp. (“Peapack-Gladstone” or the “Company”) (NasdaqGS: PGC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s 2012 Long-Term Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 21, 2014, the Board of Directors recommends that Peapack-Gladstone’s shareholders vote to approve the issuance of shares of the common stock by 300,000 under the 2012 Long-Term Stock Incentive Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Peapack-Gladstone common stock.
If you own common stock in Peapack-Gladstone 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.