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 MGT Capital Investments, Inc. (“MGT Capital” or the “Company”) (NYSE MKT: MGT) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment of the Company’s 2012 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on August 9, 2013, the Board of Directors recommends that MGT Capital’s shareholders vote to approve an amendment to the Company’s 2012 Stock Incentive Plan to increase the number of shares available for issuance thereunder from 415,000 to 1,335,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of MGT Capital 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 MGT Capital and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MGT 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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