Faruqi & Faruqi, LLP Launches An Investigation Against Rocky Mountain Chocolate Factory, Inc. (RMCF) 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 Rocky Mountain Chocolate Factory, Inc. (“Rocky Mountain” or the “Company”) (NasdaqGM: RMCF) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2007 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on June 28, 2013, the Board of Directors recommends that Rocky Mountain’s shareholders vote to approve an amendment to the Company’s 2007 Equity Incentive Plan to increase the number of shares available for issuance from 16,953 to 316,953. The issuance of the additional shares could have a substantial dilutive effect on the shares of Rocky Mountain common stock.
If you own common stock in Rocky Mountain and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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