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Churchill Downs Inc. (CHDN)

(NasdaqGS: CHDN)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against Churchill Downs Inc. (CHDN) 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 Churchill Downs Inc. (“Churchill” or the “Company”) (NasdaqGS: CHDN) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s 2007 Omnibus 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 Churchill’s shareholders vote to approve an increase of the total shares of common stock for issuance by 1,800,000 under the 2007 Omnibus Stock Incentive Plan.  The issuance of these shares could have a substantial dilutive effect on the shares of Churchill common stock.

If you own common stock in Churchill and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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    Churchill Downs Inc. (CHDN)
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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/03/2014

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