Faruqi & Faruqi, LLP Launches an Investigation against Copart, Inc. (CPRT)
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 Copart, Inc.
NEW YORK -- November 18, 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 Copart, Inc. (“CPRT” or the “Company”) (NasdaqGS:CPRT) for
potential breaches of fiduciary duties in connection with their conduct in
seeking shareholders’ approval for the 2007 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on November 15, 2013, the Board of Directors
recommends that Copart’s shareholders vote to approve the 2007 Equity
Incentive Plan to increase the number of shares thereunder from 8,000,000 to
12,000,000. The issuance of the additional shares could have a substantial
dilutive effect on the shares of Copart common stock.
Request more information now by clicking here: www.faruqilaw.com/ CPRT. There
is no cost or obligation to you.
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If you own common stock in Copart and wish to obtain additional information
and protect your investments free of charge, please visit us at
www.faruqilaw.com/ CPRT or contact Juan E. Monteverde, Esq. either via e-mail
at email@example.com 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
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