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Saga Communications, Inc. (SGA)



Faruqi & Faruqi, LLP Launches An Investigation Against Saga Communications, Inc. (SGA) 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 Saga Communications, Inc. (“Saga” or the “Company”) (NYSE MKT: SGA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Second Restated 2005 Plan Proposal.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on September 17, 2013, the Board of Directors recommends that Saga’s shareholders vote to approve the Second Restated 2005 Plan Proposal, which would increase the number of authorized shares issuable thereunder by 233,334. The issuance of the additional shares could have a substantial dilutive effect on the shares of Saga common stock.

If you own common stock in Saga 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
Tel: (212) 983-9330


Case Details


  • 09/20/2013

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