Faruqi & Faruqi, LLP Launches An Investigation Against Bottomline Technologies (de), Inc. (EPAY) 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 Bottomline Technologies (de), Inc. (“Bottomline” or the “Company”) (NasdaqGS: EPAY) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval to amend the Company’s Amended and Restated Certificate of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 18, 2012, the Board of Directors recommends that Bottomline’s shareholders vote to approve the amendment of the Company’s Amended and Restated Certificate of Incorporation to increase the number of shares of common stock from 50,000,000 to 100,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Bottomline common stock.
If you own common stock in Bottomline 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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