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Copart, Inc. (CPRT)

(NasdaqGS: CPRT)


Faruqi & Faruqi, LLP Launches An Investigation Against Copart, Inc. (CPRT) 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 Copart, Inc. (“CPRT” or the “Company”) (NasdaqGS: CPRT) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the 2007 Equity Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on November 15, 2013, the Board of Directors recommends that Copart’s shareholders vote to approve the 2007 Equity Incentive Plan to increase the number of shares thereunder from 8,000,000 to 12,000,000.  The issuance of the additional shares could have a substantial dilutive effect on the shares of Copart common stock.

If you own common stock in Copart 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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    Copart, Inc. (CPRT)

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


Case Details


  • 11/18/2013

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