Faruqi & Faruqi, LLP Launches An Investigation Against Lee Enterprises, Incorporated (LEE) 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 Lee Enterprises, Incorporated (“Lee” or the “Company”) (NYSE: LEE) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the amendment to the Company’s Amended and Restated 1996 Stock Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 10, 2014, the Board of Directors recommends that Lee’s shareholders vote to approve the Amended and Restated 1996 Stock Plan to increase the number of shares available for issuance by 300,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Lee common stock.
If you own common stock in Lee 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.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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