Faruqi & Faruqi, LLP Launches An Investigation Against PriceSmart Inc.
(PSMT) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK -- December 11, 2012
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of PriceSmart Inc.
(“PriceSmart” or the “Company”) (NasdaqGS: PSMT) for potential breaches of
fiduciary duties in connection with their conduct in seeking shareholders’
approval for an Equity Incentive Award Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on December 5, 2012, the Board of Directors recommends
that PriceSmart’s shareholders vote to approve the Company’s 2013 Equity
Incentive Plan, which would increase the number of shares of common stock
available for grant under prior plans by 600,000. The issuance of the
additional shares could have a substantial dilutive effect on the shares of
PriceSmart common stock.
Request more information now by clicking here: www.faruqilaw.com/PSMT. 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 PriceSmart and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/PSMT or contact Juan E. Monteverde, Esq. either via e-mail
at email@example.com or by telephone at (877) 247-4292 or (212)
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
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
Press spacebar to pause and continue. Press esc to stop.