Haven't heard of this type of suit/investigation...seems rather bogus.
Faruqi & Faruqi, LLP Launches An Investigation Against Parametric Sound
Corporation (PAMT) For Potential Breaches Of Fiduciary Duties By Its Board Of
Directors
NEW YORK, Jan 16, 2013 (BUSINESS WIRE) -- Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the
Board of Directors of Parametric Sound Corporation ("Parametric Sound" or the
"Company") (nasdaqcm:PAMT) for potential breaches of fiduciary duties in
connection with their conduct in seeking shareholders' approval for an amendment
to the Company's 2012 Stock Option Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and
Exchange Commission on January 10, 2013, the Board of Directors recommends that
Parametric Sound's shareholders vote to approve an amendment to the Company's
2012 Stock Option Plan to authorize the issuance of an additional 500,000 shares
of common stock under the plan. The issuance of the additional shares could have
a substantial dilutive effect on the shares of Parametric Sound's common stock.
Request more information now by clicking here: faruqilaw.com.
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 Parametric Sound and wish to obtain additional
information and protect your investments free of charge, please visit us at
faruqilaw.com 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. |
