Faruqi & Faruqi, LLP Launches An Investigation Against Prospect Global
Resources, Inc. (PGRX) For Potential Breaches Of Fiduciary Duties By Its
Board Of Directors
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Prospect Global
NEW YORK -- August 7, 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 Prospect Global Resources, Inc. (“Prospect Global Resources” or
the “Company”) (NasdaqCM: PGRX) for potential breaches of fiduciary duties in
connection with their conduct in seeking shareholders’ approval for an
amendment to the Company’s Director and Consultant Equity Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on August 1, 2013, the Board of Directors recommends
that Prospect Global Resources’ shareholders vote to approve an amendment to
the Company’s Director and Consultant Equity Plan to increase the number of
shares available for issuance under both this Plan and the Company’s Employee
Equity Incentive Plan from 8,200,000 and 13,500,000 respectively to a total of
96,700,000 shares. The issuance of the additional shares could have a
substantial dilutive effect on the shares of Prospect Global Resources common
Request more information now by clicking here: www.faruqilaw.com/PGRX. 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 Prospect Global Resources and wish to obtain
additional information and protect your investments free of charge, please
visit us at www.faruqilaw.com/PGRX or contact Juan E. Monteverde, Esq. either
via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or
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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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