Faruqi & Faruqi, LLP Launches an Investigation against Pike Electric Corporation (PIKE) for Potential Breaches of Fiduciary Duties by Its Board of Directors
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors ofPike Electric Corporation
NEW YORK--(BUSINESS WIRE)-- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pike Electric Corporation ("Pike" or the "Company") (NYS: PIKE) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for a Plan of Merger between the Company and its subsidiary Pike Corporation, as well as a reincorporation of the Company to North Carolina.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on September 17, 2013, the Board of Directors recommends that Pike's shareholders vote to approve an amendment to consider and vote on a proposal to adopt an Agreement and Plan of Merger, dated as of September 16, 2013, between the Company and Pike Corporation, a North Carolina corporation and a wholly-owned subsidiary of the Company, by which the Company would effect the reincorporation of the Company from Delaware to North Carolina.
Request more information now by clicking here:www.faruqilaw.com/PIKE. 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 Pike and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PIKE or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com 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
KEYWORDS: United States North America New York
The article Faruqi & Faruqi, LLP Launches an Investigation against Pike Electric Corporation (PIKE) for Potential Breaches of Fiduciary Duties by Its Board of Directors originally appeared on Fool.com.
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