Faruqi & Faruqi, LLP Launches Investigation Against Electro Rent Corp. (ELRC) For Potential Breaches
Sep 18th 2012 4:51PM
Updated Sep 18th 2012 4:58PM
Faruqi & Faruqi, LLP Launches Investigation Against Electro Rent Corp. (ELRC) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors In The Manner It Seeks Executive Compensation Approval
NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Electro Rent Corp. ("Electro Rent" or the "Company") (NAS: ELRC) for potential breaches of fiduciary duties in connection with their conduct of seeking shareholders' approval of the compensation for the Company's named executive officers. The terms of the compensation to be awarded to the Company's executive officers are outlined in the Proxy Statement on Form Schedule 14A that the Company filed with the Securities and Exchange Commission on August 31, 2012.
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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 Electro Rent and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ELRC 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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Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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