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 Energy Focus, Inc. (“Energy Focus” or the “Company”) (OTC Markets: EFOI) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of the Company’s 2013 Incentive Stock Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on August 16, 2013, the Board of Directors recommends that Energy Focus’ shareholders vote to approve the Company’s 2013 Incentive Stock Plan to make 10,000,000 shares available thereunder. The issuance of the additional shares could have a substantial dilutive effect on the shares of Energy Focus’ 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 Energy Focus and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EFOI 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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