Faruqi & Faruqi, LLP Launches an Investigation against Churchill Downs Inc. (CHDN) for Potential Breaches of Fiduciary Duties...
April 03 2014 - 7:30PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Churchill Downs Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Churchill Downs Inc.
(“Churchill” or the “Company”) (NasdaqGS: CHDN) for potential
breaches of fiduciary duties in connection with their conduct in
seeking shareholders’ approval for the Company’s 2007 Omnibus Stock
Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on March 24, 2014, the Board
of Directors recommends that Churchill’s shareholders vote to
approve an increase of the total shares of common stock for
issuance by 1,800,000 under the 2007 Omnibus Stock Incentive Plan.
The issuance of these shares could have a substantial dilutive
effect on the shares of Churchill common stock.
Request more information now by clicking here:
www.faruqilaw.com/CHDN. 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
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If you own common stock in Churchill and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/CHDN 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) 2014 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.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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