Faruqi & Faruqi, LLP Launches An Investigation Against Dolby Laboratories, Inc. (DLB) 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 Dolby Laboratories Inc. ("Dolby" or the "Company") (NYS: DLB) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the amendment and restatement of the Company's 2005 Stock Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 26, 2012, the Board of Directors recommends that Dolby's shareholders vote to approve the amendment and restatement of the Company's 2005 Stock Plan to reserve an additional 8,000,000 shares of Class A Common Stock for issuance thereunder. Dolby's Board of Directors also recommends that shareholders vote for a proposal to amend and restate the Company's Employee Stock Purchase Plan to reserve an additional 3,000,000 shares of Class A Common Stock for purchase thereunder. The issuance of the additional shares could have a substantial dilutive effect on the shares of Dolby's common stock.
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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 Dolby and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/DLB 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.
Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
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Phone: (212) 983-9330
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Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877) 247-4292 or (212) 983-9330
KEYWORDS: United States North America New York
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