Faruqi & Faruqi, LLP Launches an Investigation Against Celadon Group, Inc.
(CGI) 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 Celadon Group, Inc.
NEW YORK -- November 1, 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 Celadon Group Inc. (“Celadon” or the “Company”) (NYSE:CGI) for
potential breaches of fiduciary duties in connection with their conduct in
seeking shareholders’ approval for an amendment to the Celadon Group, Inc.
2006 Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on October 28, 2013, the Board of Directors recommends
that Celadon’s shareholders vote to approve an amendment to the Celadon Group,
Inc. 2006 Omnibus Incentive Plan to increase the maximum aggregate number of
shares of common stock available for the grant of awards by 750,000. The
issuance of the additional shares could have a substantial dilutive effect on
the shares of Celadon common stock.
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If you own common stock in Celadon Group, Inc. and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/CGI or contact Juan E. Monteverde, Esq. either via e-mail at
email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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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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