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As Seen on TV, Inc. (ASTV)

(OTC BB: ASTV)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against As Seen on TV, Inc. (ASTV) 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 As Seen on TV, Inc. (“As Seen on TV” or the “Company”) (OTC BB: ASTV) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment of the Company’s 2013 Equity Compensation Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on July 22, 2013, the Board of Directors recommends that As Seen on TV’s shareholders vote to approve an amendment to the Company’s 2013 Equity Compensation Plan to increase the number of shares available for issuance thereunder from 6,000,000 to 9,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of As Seen On TV common stock.

If you own common stock in As Seen On TV 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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    As Seen on TV, Inc. (ASTV)
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Faruqi & Faruqi, LLP
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New York, NY 10017
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Case Details

Date:

  • 08/15/2013

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