Faruqi & Faruqi, LLP Launches An Investigation Against The Greenbrier Companies, Inc. (GBX) 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 The Greenbrier Companies, Inc. ("Greenbrier" or the "Company") (NYS: GBX) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of an amendment to the Company's 2010 Amended and Restated Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on November 16, 2012, the Board of Directors recommends that Greenbrier's shareholders vote to approve amendments to Greenbrier's 2010 Amended and Restated Stock Incentive Plan to (a) increase the total number of shares of the Company's Common Stock available for issuance under the Plan by 1,500,000 shares, from 2,825,000 to 4,325,000 and (b) increase the dollar value of the annual automatic non-employee director restricted stock grants from $60,000 to $80,000. The issuance of the additional shares could have a severe dilutive effect on the shares of Greenbrier's common stock.
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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 Greenbrier and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/GBX 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
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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