Faruqi & Faruqi, LLP Announces the Investigation of ManpowerGroup Inc. (MAN) 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 ManpowerGroup Inc. (“ManpowerGroup” or the “Company”) (NYSE: MAN) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2011 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 5, 2014, the Board of Directors recommends that ManpowerGroup’s shareholders vote to approve an amendment to the Company’s 2011 Equity Incentive Plan which would increase the maximum number of shares authorized for issuance under the plan by 3,500,000 shares and increase the aggregate number of “full value share awards” available for grant by 2,500,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of ManpowerGroup common stock.
If you own common stock in ManpowerGroup 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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