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PriceSmart Inc. (PSMT)

(NasdaqGS: PSMT)


Faruqi & Faruqi, LLP Launches An Investigation Against PriceSmart Inc. (PSMT) 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 PriceSmart Inc. (“PriceSmart” or the “Company”) (NasdaqGS: PSMT) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an Equity Incentive Award Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 5, 2012, the Board of Directors recommends that PriceSmart’s shareholders vote to approve the Company’s 2013 Equity Incentive Plan, which would increase the number of shares of common stock available for grant under prior plans by 600,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of PriceSmart common stock.

If you own common stock in PriceSmart 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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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


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