Faruqi & Faruqi, LLP Launches An Investigation Against China Armco Metals,
Inc. (CNAM) For Potential Breaches Of Fiduciary Duties By Its Board Of
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of China Armco Metals, Inc.
NEW YORK -- June 4, 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 China Armco Metals, Inc. (“China Armco” or the “Company”) (NYSE
MKT: CNAM) for potential breaches of fiduciary duties in connection with their
conduct in seeking shareholders’ approval for a second amendment to the 2009
Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on May 21, 2013, the Board of Directors recommends
that China Armco’s shareholders vote to approve an amendment to the Amended
and Restated 2009 Stock Incentive Plan to increase the shares of China Armco
common stock available for issuance thereunder by 3,000,000 shares. The
issuance of the additional shares could have a substantial dilutive effect on
the shares of China Armco common stock.
Request more information now by clicking here: www.faruqilaw.com/CNAM. 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 China Armco and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/CNAM or contact Juan E. Monteverde, Esq. either via e-mail
at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212)
Attorney Advertising. (C) 2013 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
Press spacebar to pause and continue. Press esc to stop.