Robbins Umeda LLP Announces an Investigation of AsiaInfo-Linkage, Inc.
SAN DIEGO -- October 30, 2012
Shareholder rights firm Robbins Umeda LLP is investigating possible breaches
of fiduciary duty and other violations of the law by certain officers and
directors of AsiaInfo-Linkage, Inc. (NASDAQGS: ASIA). Concerned shareholders
who would like more information about their rights and potential remedies can
contact attorney Gregory E. Del Gaizo at (800) 350-6003,
email@example.com, or via the shareholder information form on the firm's
Robbins Umeda is investigating whether AsiaInfo's officers and directors
violated or failed to follow AsiaInfo's shareholder-approved 2011 Stock
Incentive Plan. In particular, on December 6, 2011, the board of directors
granted 750,000 stock options to AsiaInfo's President and Chief Executive
Officer, Steve Zhang, and 110,000 stock options to Guoxiang Liu, the company's
Executive Vice President. AsiaInfo's Stock Incentive Plan limits the
performance based equity awards that may be granted to any individual
participant to 100,000 shares per fiscal year.
Robbins Umeda LLP highlights that AsiaInfo shareholders have the option to
file a shareholder derivative action to hold those officers and directors
accountable for damaging the company. Remedies commonly sought in derivative
actions include corporate governance reforms designed to prevent future
misconduct, removal of officers or directors whose misconduct injured the
corporation, and monetary payments in the form of damages and disgorgement of
Robbins Umeda LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. For more information, please go
Press release link:
Attorney Advertising. Past results do not guarantee a similar outcome.
Robbins Umeda LLP
Gregory E. Del Gaizo
(619) 525-3990 or Toll Free (800) 350-6003
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