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Atlas Air Worldwide Holdings Inc. (AAWW)

(NasdaqGS: AAWW)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against Atlas Air Worldwide Holdings Inc. (AAWW) 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 Atlas Air Worldwide Holdings Inc. (“Atlas Air” or the “Company”) (NasdaqGS: AAWW) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2007 Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 15, 2013, the Board of Directors recommends that Atlas Air’s shareholders vote to approve an amendment to the Company’s 2007 Incentive Plan to increase the shares available for awards by 1,300,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Atlas Air common stock.

If you own common stock in Atlas Air 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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