Faruqi & Faruqi, LLP Launches An Investigation Against The Greenbrier
Companies, Inc. (GBX) For Potential Breaches Of Fiduciary Duties By Its
Board Of Directors
NEW YORK -- November 19, 2012
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of The Greenbrier
Companies, Inc. (“Greenbrier” or the “Company”) (NYSE: GBX) for potential
breaches of fiduciary duties in connection with their conduct in seeking
shareholders’ approval of an amendment to the Company’s 2010 Amended and
Restated Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on November 16, 2012, the Board of Directors
recommends that Greenbrier’s shareholders vote to approve amendments to
Greenbrier’s 2010 Amended and Restated Stock Incentive Plan to (a)increase
the total number of shares of the Company’s Common Stock available for
issuance under the Plan by 1,500,000 shares, from 2,825,000 to 4,325,000 and
(b)increase the dollar value of the annual automatic non-employee director
restricted stock grants from $60,000 to $80,000. The issuance of the
additional shares could have a severe dilutive effect on the shares of
Greenbrier’s common stock.
Request more information now by clicking here: www.faruqilaw.com/GBX. 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 Greenbrier and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/GBX or contact Juan E. Monteverde, Esq. either via e-mail at
email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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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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