Faruqi & Faruqi, LLP Launches An Investigation Against Pulse Electronics Corporation (PULS) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pulse Electronics Corporation ("Pulse Electronics" or the "Company") (NYS: PULS) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the amendment and restatement of the Company's Articles of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 17, 2012, the Board of Directors recommends that Pulse Electronics' shareholders vote to approve an amendment to approve the adoption of Amended and Restated Articles of Incorporation.
The amendment would increase the number of Pulse Electronics' authorized shares of common stock from 175,000,000 shares to 275,000,000 shares, authorize 1,000 shares of preferred stock and authorize the Board of Directors to create one or more series of Preferred Stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of Pulse Electronics' common stock.
Request more information now by clicking here: www.faruqilaw.com/PULS . 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 Pulse Electronics and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PULS 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.
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Phone: (212) 983-9330
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