Faruqi & Faruqi, LLP Launches An Investigation Against Lumos Networks Corp. (LMOS) 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 Lumos Networks Corp.
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 Lumos Networks Corp.
(“Lumos” or the “Company”) (NasdaqGS:LMOS) for potential breaches
of fiduciary duties in connection with their conduct in seeking
shareholders’ approval for the amendment of the 2011 Equity and
Cash Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on March 18, 2014, the Board
of Directors recommends that Lumos’s shareholders vote to approve
to increase the number of shares available for issuance by
1,500,000 under the 2011 Equity and Cash Incentive Plan. The
issuance of these shares could have a substantial dilutive effect
on the shares of Lumos common stock.
Request more information now by clicking here:
www.faruqilaw.com/LMOS. 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. To keep track of the latest
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If you own common stock in Lumos and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/LMOS 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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