Faruqi & Faruqi, LLP Launches An Investigation Against Symmetricom Inc. (SYMM) For Potential Breaches Of Fiduciary Duties By ...
September 27 2012 - 4:34PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Symmetricom Inc. (“Symmetricom” or the “Company”)
(NASDAQ: SYMM) for potential breaches of fiduciary duties in
connection with their conduct of seeking shareholders’ approval of
executive compensation and an amendment to the Company’s Incentive
Award Plan. Specifically, in the Proxy Statement filed by the
Company with the Securities and Exchange Commission on September
26, 2012, the Board of Directors recommends that the shareholders
vote for the approval of the amendment to the Company’s 2006
Incentive Award Plan to authorize issuance of an additional
2,000,000 shares of common stock. The issuance of the additional
shares could have a severe dilutive effect on the shares of
Symmetricom’s common stock.
Request more information now by clicking here:
www.faruqilaw.com/SYMM. There is no cost or
obligation to you.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Symmetricom and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/SYMM or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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