Faruqi & Faruqi, LLP Launches An Investigation Against JDS Uniphase Corporation (JDSU) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors In The Manner It Seeks Executive Compensation Approval
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of JDS Uniphase Corporation (“JDSU” or the “Company”) (NasdaqGS: JDSU) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of executive compensation and an amendment to the Company’s Incentive Compensation Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on October 2, 2012, the Board of Directors recommends that JDSU shareholders vote to approve an Amended and Restated 2003 Equity Incentive Plan by which the maximum number of JDSU shares available would be increased by 10,000,000. The issuance of the additional shares could have a severe dilutive effect on the shares of JDSU’s common stock.
If you own common stock in JDSU 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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Faruqi & Faruqi, LLP
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