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Advanced Photonix Inc. (API)

(NYSE MKT: API)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against Advanced Photonix Inc. (API) 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 Advanced Photonix Inc. (“Advanced Photonix” or the “Company”) (NYSE MKT: API) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for adopting the Company’s 2013 Equity Incentive Plan.

Specifically, in the Preliminary Proxy Statement filed by the Company with the Securities and Exchange Commission on June 28, 2013, the Board of Directors recommends that Advanced Photonix’s shareholders vote to approve the Company’s 2013 Equity Incentive Plan which would authorize 3,000,000 shares for issuance. The issuance of the additional shares could have a substantial dilutive effect on the shares of Advanced Photonix common stock.

If you own common stock in Advanced Photonix and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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    Advanced Photonix Inc. (API)
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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 07/03/2013

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