Faruqi & Faruqi, LLP Launches an Investigation Against Meritor, Inc. (MTOR)
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 Meritor, Inc.
NEW YORK -- December 10, 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 Meritor, Inc. (“Meritor” or the “Company”) (NYSE: MTOR) for
potential breaches of fiduciary duties in connection with their conduct in
seeking shareholders’ approval for the Company’s amended and restated 2010
Long-term Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities
and Exchange Commission on December 6, 2013, the Board of Directors recommends
that Meritor’s shareholders vote to approve the amended and restated 2010
Long-term Incentive Plan to increase the maximum shares authorized to be
issued thereunder by 5.1 million shares. The issuance of the additional shares
could have a substantial dilutive effect on the shares of Meritor common
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Faruqi & Faruqi, LLP is a national law firm which represents investors and
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If you own common stock in Meritor and wish to obtain additional information
and protect your investments free of charge, please visit us at
www.faruqilaw.com/MTOR 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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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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