Faruqi & Faruqi, LLP Launches An Investigation Against Florida Gaming Corporation (FGMG) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

NEW YORK--()--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Florida Gaming Corporation (“Florida Gaming” or the “Company”) (OTC Markets: FGMG) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the sale of the Company’s sole operating asset.

Specifically, in the Form 8-K and in the Additional Definitive Proxy Materials filed by the Company with the Securities and Exchange Commission on November 29, 2012, the Board of Directors recommends that Florida Gaming shareholders vote to approve the sale of the Company’s wholly owned subsidiary Florida Gaming Centers, Inc. (“Centers”) in a Stock Purchase Agreement to Silvermark LLC. Centers constitutes the Company’s only operating asset.

Request more information now by clicking here: www.faruqilaw.com/FGMG. 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 Florida Gaming and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FGMG or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Contacts

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Release Summary

Faruqi & Faruqi LLP is investigating the Board of Directors of Florida Gaming Corporation for potential breaches of fiduciary duties in connection with the sale of Florida Gaming Centers, Inc.

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Contacts

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330