Faruqi & Faruqi, LLP Launches An Investigation of FuelCell Energy, Inc. 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 FuelCell Energy, Inc. (“FuelCell” or the “Company”) (NasdaqGM: FCEL) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the FuelCell Energy, Inc. Amended and Restated 2010 Equity Incentive Plan (the “Plan”).
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on February 11, 2014 the Board of Directors recommends that FuelCell’s shareholders vote to approve an amendment to the Plan to increase the aggregate number of shares of common stock reserved for issuance under the plan from 7,500,000 shares to 15,500,000 shares. The issuance of these shares could have a substantial dilutive effect on the shares of FuelCell common stock.
If you own common stock in FuelCell 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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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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