Faruqi & Faruqi, LLP Announces the Investigation of MicroStrategy Inc. (MSTR) 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 MicroStrategy Inc. (“MicroStrategy” or the “Company”) (NasdaqGS: MSTR) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the 2013 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 24, 2014, the Board of Directors recommends that MicroStrategy’s shareholders vote to approve the MicroStrategy Incorporated 2013 Stock Incentive Plan, which authorized 600,000 shares of the Company’s class A common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of MicroStrategy common stock.
If you own common stock in MicroStrategy 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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