Faruqi & Faruqi, LLP Launches An Investigation Against The Toro Company (TTC) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
by Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Toro Company (“Toro” or the “Company”) (NYSE: TTC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s Restated Certificate of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 29, 2013, the Board of Directors recommends that Toro’s shareholders vote to approve an amendment to restate the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock from 100,000,000 to 175,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Toro 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 Toro and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TTC 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
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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