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Provider: Thomson Reuters Stock Report
Provider: S&P Capital IQ – STARS Reports

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Faruqi & Faruqi, LLP Launches Investigation Against T-Mobile US, Inc. For Potential Breaches Of Fiduciary Duties By Board Of Directors

Wednesday, 29 May 2013 07:00pm EDT 

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of T-Mobile US, Inc. for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for the 2013 Omnibus Incentive Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on May 17, 2013, the Board of Directors recommends that T-Mobile`s shareholders vote to approve the Company`s 2013 Omnibus Incentive Plan which would authorize the issuance of 63,275,000 shares of common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of T-Mobile common stock. 

Company Quote

0.54 +2.08%
19 Dec 2014