Faruqi & Faruqi, LLP Launches An Investigation Against Vermillion, Inc. (VRML) 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 Vermillion, Inc. (“Vermillion” or the “Company”) (NasdaqCM: VRML) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Amended and Restated 2010 Stock Incentive Plan (“2010 Plan”).
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on November 12, 2013, the Board of Directors recommends that Vermillion’s shareholders vote to approve the Company’s Amended and Restated 2010 Stock Incentive Plan. This would increase the authorized number of shares issuable under the Plan by an additional 2,300,000 shares. The issuance of these shares could have a substantial dilutive effect on the shares of Vermillion common stock.
If you own common stock in Vermillion and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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