NEW YORK, April 11, 2014 /PRNewswire/ -- 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 Owens-Illinois, Inc.
("Owens" or the "Company") (NYSE: OI) for potential breaches of
fiduciary duties in connection with their conduct in seeking
shareholders' approval of the second amendment and restatement of
the Company's 2005 Incentive Award Plan.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on March 31, 2014, the Board of Directors recommends
that Owens's shareholders vote to approve the second amendment and
restatement of the 2005 Incentive Award Plan to increases the
number of shares available under the plan by 6,000,000. The
issuance of the additional shares could have a substantial dilutive
effect on the shares of Owens common stock.
Request more information now by clicking here:
www.faruqilaw.com/OI. 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
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If you own common stock in Owens and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/OI 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.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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