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Old Line Bancshares, Inc. (OLBK)

(NasdaqCM: OLBK)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against Old Line Bancshares, Inc. (OLBK) 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 Old Line Bancshares, Inc. (“Old Line” or the “Company”) (NasdaqCM: OLBK) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment of the Company’s 2010 Equity Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on July 12, 2013, the Board of Directors recommends that Old Line’s shareholders vote to approve an amendment to the Company’s 2010 Equity Incentive Plan to increase the number of shares available for issuance thereunder by 450,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Old Line common stock.
Request more information now by clicking here: www.faruqilaw.com/OLBK. There is no cost or obligation to you.

If you own common stock in Old Line 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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  • Company:
    Old Line Bancshares, Inc. (OLBK)
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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Case Details

Date:

  • 07/30/2013

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