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 United Community Bancorp (“United Community” or the “Company”) (NasdaqGM: UCBA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the 2014 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 10, 2014, the Board of Directors recommends that United Community’s shareholders vote to approve the 2014 Equity Incentive Plan which would grant a total of 372,102 shares of the common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of United Community common stock.
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If you own common stock in United Community and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/UCBA 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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