Faruqi & Faruqi, LLP Launches An Investigation Against ACADIA
Pharmaceuticals Inc. (ACAD) For Potential Breaches Of Fiduciary Duties By
Its Board Of Directors
NEW YORK -- May 10, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of ACADIA Pharmaceuticals Inc. (“ACADIA” or the “Company”)
(NasdaqGM: ACAD) for potential breaches of fiduciary duties in connection with
their conduct in seeking shareholders’ approval for an amendment to the
Company’s 2010 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on April 25, 2013, the Board of Directors recommends
that ACADIA’s shareholders vote to approve an amendment to the Company’s 2010
Equity Incentive Plan to increase the aggregate number of shares of common
stock authorized for issuance under the plan by 7,500,000 shares. The issuance
of the additional shares could have a substantial dilutive effect on the
shares of ACADIA common stock.
Request more information now by clicking here: www.faruqilaw.com/ACAD. 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 ACADIA and wish to obtain additional information
and protect your investments free of charge, please visit us at
www.faruqilaw.com/ACAD or contact Juan E. Monteverde, Esq. either via e-mail
at email@example.com or by telephone at (877) 247-4292 or (212)
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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
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