Faruqi & Faruqi, LLP Launches An Investigation Against Digi International Inc. (DGII) 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 Digi International Inc. ("Digi" or the "Company") (NasdaqGS: DGII) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the Company's Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 5, 2012, the Board of Directors recommends that Digi's shareholders vote to approve the Company's 2013 Omnibus Incentive Plan, which authorizes the issuance of up to 1,750,000 shares of our Common Stock pursuant to awards granted under the Plan. The issuance of the additional shares could have a substantial dilutive effect on the shares of Digi 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 Digi and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/DGII 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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