Faruqi & Faruqi, LLP Launches An Investigation Against Saga Communications, Inc. (SGA) For Potential
Faruqi & Faruqi, LLP Launches An Investigation Against Saga Communications, Inc. (SGA) 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 ofSaga Communications, Inc.
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 Saga Communications, Inc. ("Saga" or the "Company") (NYSE MKT: SGA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the Second Restated 2005 Plan Proposal.
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 Saga's shareholders vote to approve the Second Restated 2005 Plan Proposal, which would increase the number of authorized shares issuable thereunder by 233,334. The issuance of the additional shares could have a substantial dilutive effect on the shares of Saga 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 Saga and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SGA 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
KEYWORDS: United States North America New York
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