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Otelco, Inc. (OTEL)



Faruqi & Faruqi, LLP Launches An Investigation Against Otelco, Inc. (OTEL) 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 Otelco, Inc. (“Otelco” or the “Company”) (NASDAQ: OTEL) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval the Company’s 2013 Stock Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on July 19, 2013, the Board of Directors recommends that Otelco’s shareholders vote to approve the Company’s 2013 Stock Incentive Plan to make 344,859 shares available for issuance. The issuance of the shares could have a substantial dilutive effect on the shares of OTEL common stock.

If you own common stock in Otelco and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/OTEL or 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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    Otelco, Inc. (OTEL)

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


Case Details


  • 07/30/2013

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