Faruqi & Faruqi, LLP Launches An Investigation Against Bottomline Technologies (de), Inc. (EPAY) 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 Bottomline Technologies (de), Inc. ("Bottomline" or the "Company") (NasdaqGS: EPAY) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval to amend the Company's Amended and Restated Certificate of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 18, 2012, the Board of Directors recommends that Bottomline's shareholders vote to approve the amendment of the Company's Amended and Restated Certificate of Incorporation to increase the number of shares of common stock from 50,000,000 to 100,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Bottomline common stock.
Request more information now by clicking here:www.faruqilaw.com/EPAY. 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 Bottomline and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EPAY 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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The article Faruqi & Faruqi, LLP Launches An Investigation Against Bottomline Technologies (de), Inc. (EPAY) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors originally appeared on Fool.com.
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