Faruqi and Faruqui, LLP Logo
Share this page

Vermillion, Inc. (VRML)

(NasdaqCM:VRML)

Summary

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 jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 
 

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 11/13/2013

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.