Faruqi & Faruqi, LLP Launches An Investigation Against Florida Gaming Corporation (FGMG) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Florida Gaming Corporation (“Florida Gaming” or the “Company”) (OTC Markets: FGMG) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the sale of the Company’s sole operating asset.
Specifically, in the Form 8-K and in the Additional Definitive Proxy Materials filed by the Company with the Securities and Exchange Commission on November 29, 2012, the Board of Directors recommends that Florida Gaming shareholders vote to approve the sale of the Company’s wholly owned subsidiary Florida Gaming Centers, Inc. (“Centers”) in a Stock Purchase Agreement to Silvermark LLC. Centers constitutes the Company’s only operating asset.
If you own common stock in Florida Gaming 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.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.