Faruqi & Faruqi, LLP Launches An Investigation Against KCG Holdings, Inc. (KCG) 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 KCG Holdings, Inc. (“KCG” or the “Company”) (NYSE: KCG) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the .
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on November 19, 2013, the Board of Directors recommends that KCG’s shareholders vote to approve the KCG Holdings, Inc. Amended and Restated Equity Incentive Plan which would increase the number of shares of KCG Common Stock authorized for grant by 12,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of KCG common stock.
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Faruqi & Faruqi, LLP
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