Faruqi & Faruqi, LLP Launches An Investigation Against Parametric Sound Corporation (PAMT) For Poten
Faruqi & Faruqi, LLP Launches An Investigation Against Parametric Sound Corporation (PAMT) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK--(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:www.faruqilaw.com/PAMT. 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 www.faruqilaw.com/PAMT or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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