Faruqi & Faruqi, LLP Launches An Investigation Against Education Management
Corporation (EDMC) For Potential Breaches Of Fiduciary Duties By Its Board
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Education Management
NEW YORK -- October 9, 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 Education Management Corporation (“Education Management” or the
“Company”) (NasdaqGS: EDMC) for potential breaches of fiduciary duties in
connection with their conduct in seeking shareholders’ approval for amendments
to the 2012 Omnibus Long-Term Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on October 7, 2013, the Board of Directors recommends
that Education Management’s shareholders vote to approve amendments to the
2012 Omnibus Long-Term Incentive Plan which would increase the number of
shares of common stock authorized for issuance thereunder by 4 million. The
issuance of the additional shares could have a substantial dilutive effect on
the shares of Education Management common stock.
Request more information now by clicking here: www.faruqilaw.com/EDMC. 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 Education Management and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/EDMC or contact Juan E. Monteverde, Esq. either via e-mail
at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212)
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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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