Faruqi & Faruqi, LLP Launches An Investigation Against Biota Pharmaceuticals, Inc. (BOTA) For Potential Breaches Of Fiduciary...
October 04 2013 - 10:45AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Biota Pharmaceuticals, 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 Biota Pharmaceuticals, Inc.
(“Biota” or the “Company”) (NasdaqGS: BOTA) for potential breaches
of fiduciary duties in connection with their conduct in seeking
shareholders’ approval for an amendment of the Company’s 2007
Omnibus Equity and Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on October 1, 2013, the
Board of Directors recommends that Biota’s shareholders vote to
approve an amendment to the Company’s 2007 Omnibus Equity and
Incentive Plan to increase the number of shares available for
issuance thereunder from 1,157,978 to 4,157,978. The issuance of
the additional shares could have a substantial dilutive effect on
the shares of Biota common stock.
Request more information now by clicking here:
www.faruqilaw.com/BOTA. 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 Biota and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/BOTA 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, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (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, LLPJuan E. Monteverde, Esq.(877) 247-4292
or (212) 983-9330jmonteverde@faruqilaw.com
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