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 Joe's Jeans Inc. ("Joe's Jeans" or the "Company") (NasdaqCM: JOEZ) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Amended and Restated 2004 Stock Incentive Plan ("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 Joe's Jeans's shareholders vote to approve an increase of the total shares of common stock for issuance by 5,000,000 shares of common stock to 11,825,000 under the Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Joe's Jeans common stock.
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If you own common stock in Joe's Jeans and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ JOEZ 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
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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