Faruqi & Faruqi, LLP Launches An Investigation Against MICROS Systems, Inc. (MCRS) For Potential Breaches Of Fiduciary Duties...
October 16 2013 - 5:55PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of MICROS Systems, 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 MICROS Systems, Inc.
(“MICROS” or the “Company”) (NasdaqGS: MCRS) for potential breaches
of fiduciary duties in connection with their conduct in seeking
shareholders’ approval for an amendment to the Company’s 1991 Stock
Option Plan.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on October 11, 2013, the
Board of Directors recommends that MICROS’s shareholders vote to
approve an amendment to the Company’s 1991 Stock Option Plan
(“Plan”) to authorize the issuance of an additional 1,200,000
shares of Common Stock under the Plan. The issuance of the
additional shares could have a substantial dilutive effect on the
shares of MICROS common stock.
Request more information now by clicking here:
www.faruqilaw.com/MCRS. 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 MICROS and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/MCRS 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) 2013 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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