Faruqi & Faruqi, LLP Launches An Investigation Against Cardica, Inc. (CRDC)
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 Cardica, Inc.
NEW YORK -- October 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 Cardica, Inc. (“Cardica” or the “Company”) (NasdaqGM:CRDC) for
potential breaches of fiduciary duties in connection with their conduct in
seeking shareholders’ approval for an amendment of the Company’s 2005 Equity
Specifically, in the Preliminary Proxy Statement filed by the Company with the
Securities and Exchange Commission on September 27, 2013, the Board of
Directors recommends that Cardica’s shareholders vote to approve an amendment
to the Company’s 2005 Equity Incentive Plan to increase the number of shares
available for issuance thereunder from 5,400,000 to 6,400,000. The issuance of
the additional shares could have a substantial dilutive effect on the shares
of Cardica common stock.
Request more information now by clicking here: www.faruqilaw.com/CRDC. 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 Cardica and wish to obtain additional information
and protect your investments free of charge, please visit us at
www.faruqilaw.com/CRDC 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
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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
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