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NetApp, Inc. (NTAP)

(NasdaqGS: NTAP)


Faruqi & Faruqi, LLP Launches An Investigation Against NetApp, Inc. (NTAP) 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 NetApp, Inc. (“NetApp” or the “Company”) (NasdaqGS: NTAP) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment of the Company’s 1999 Stock Option Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on August 2, 2013, the Board of Directors recommends that NetApp’s shareholders vote to approve an amendment to the Company’s 1999 Stock Option Plan to increase the number of shares available for issuance thereunder by 10,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of NetApp common stock.

If you own common stock in NetApp 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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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
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Case Details


  • 08/15/2013

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