Faruqi & Faruqi, LLP Launches An Investigation Against Fifth & Pacific Companies, Inc. (FNP) 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 Fifth & Pacific Companies, Inc. (“Fifth & Pacific” or the “Company”) (NYSE: FNP) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 3, 2013, the Board of Directors recommends that Fifth & Pacific’s shareholders vote to approve the Company’s 2013 Stock Incentive Plan which would make 9,500,000 shares available for grants thereunder. The issuance of the additional shares could have a substantial dilutive effect on the shares of Fifth & Pacific common stock.
If you own common stock in Fifth & Pacific 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.
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Faruqi & Faruqi, LLP
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