Faruqi & Faruqi, LLP Launches An Investigation Against The Cheesecake Factory Incorporated (CAKE) 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 The Cheesecake Factory Incorporated (“Cheesecake Factory” or the “Company”) (NasdaqGS: CAKE) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2010 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 19, 2013, the Board of Directors recommends that Cheesecake Factory’s shareholders vote to approve an amendment to the Company’s 2010 Stock Incentive Plan to increase the number of shares available for issuance by 1,750,000 shares, from 4,800,000 shares to 6,550,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Cheesecake Factory common stock.
If you own common stock in Cheesecake Factory 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.
Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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