Faruqi & Faruqi, LLP Launches An Investigation Against American Capital Agency Corp. (AGNC) For Potential Breaches Of Fiducia...
11 June 2013 - 3:49AM
Business Wire
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 American Capital Agency
Corp. (“American Capital” or the “Company”) (NasdaqGS: AGNC) for
potential breaches of fiduciary duties in connection with their
conduct in seeking shareholders’ approval for the amendment of the
Company’s certificate of incorporation.
Specifically, in the additional proxy soliciting materials filed
by the Company with the Securities and Exchange Commission on May
31, 2013, the Board of Directors recommends that American Capital’s
shareholders vote to approve an amendment to the Company's
certificate of incorporation to increase the number of authorized
shares of preferred stock from 10,000,000 to 20,000,000 shares. The
issuance of the additional shares could have a substantial dilutive
effect on the shares of American Capital common stock.
Request more information now by clicking here:
www.faruqilaw.com/AGNC. 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 American Capital and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/AGNC or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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