Faruqi & Faruqi, LLP Launches An Investigation Against Agenus Inc. (AGEN) 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 of Agenus Inc.
NEW YORK, March 14, 2014 /PRNewswire/ -- 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 Agenus Inc. ("Agenus" or the "Company") (NasdaqCM: AGEN) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the 2009 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 10, 2014, the Board of Directors recommends that Agenus's shareholders vote to approve the issuance of shares of the common stock from 6,200,000 to 10,200,000 under the 2009 Equity Incentive Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Agenus common stock.
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If you own common stock in Agenus and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ AGEN 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.
Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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