Faruqi & Faruqi, LLP Launches An Investigation Against The Toro Company
(TTC) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK -- January 30, 2013
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
Request more information now by clicking here: www.faruqilaw.com/TTC. There is
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Faruqi & Faruqi, LLP is a national law firm which represents investors and
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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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Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877) 247-4292 or (212) 983-9330
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