Faruqi & Faruqi, LLP Launches An Investigation Against Oppenheimer Holdings Inc. (OPY) 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 Oppenheimer Holdings Inc. (“Oppenheimer” or the “Company”) (NYSE: OPY) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the 2014 Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 28, 2014, the Board of Directors recommends that Oppenheimer’s shareholders vote to approve the 2011 Incentive Stock Plan to authorize the issuance of 877,290 shares of Class A Stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of Oppenheimer common stock.
If you own common stock in Oppenheimer 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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