Faruqi & Faruqi, LLP Launches An Investigation Against ARC Document Solutions, Inc. (ARC) 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 ARC Document Solutions, Inc. (“ARC” or the “Company”) (NYSE: ARC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the ARC Document Solutions, Inc. 2014 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 26, 2014, the Board of Directors recommends that ARC’s shareholders vote to approve the 2014 Stock Incentive Plan to authorize an increase in the number of shares of the common stock by a maximum of 7,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of ARC common stock.
If you own common stock in ARC and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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