Press release from Business Wire
Faruqi & Faruqi, LLP Launches an Investigation Against Celadon Group, Inc. (CGI) for Potential Breaches of Fiduciary Duties by Its Board of Directors
<p> <i>Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of</i> Celadon Group, Inc. </p>
Friday, November 01, 2013
Faruqi & Faruqi, LLP Launches an Investigation Against Celadon Group, Inc. (CGI) for Potential Breaches of Fiduciary Duties by Its Board of Directors11:35 EDT Friday, November 01, 2013
NEW YORK (Business Wire) -- 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 Celadon Group Inc. (“Celadon” or the “Company”) (NYSE:CGI) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Celadon Group, Inc. 2006 Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on October 28, 2013, the Board of Directors recommends that Celadon's shareholders vote to approve an amendment to the Celadon Group, Inc. 2006 Omnibus Incentive Plan to increase the maximum aggregate number of shares of common stock available for the grant of awards by 750,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Celadon common stock.
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If you own common stock in Celadon Group, Inc. and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CGI or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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