Faruqi & Faruqi, LLP Launches An Investigation Against S&W Seed Company (SANW) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of S&W Seed Company ("S&W Seed" or the "Company") (NasdaqCM: SANW) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of an amendment to the Company's Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on October 29, 2012, the Board of Directors recommends that S&W's shareholders vote to approve an amendment to the Company's Equity Incentive Plan to increase the number of shares available for issuance thereunder from 750,000 to 2,250,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of S&W Seed common stock.
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If you own common stock in S&W Seed and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SANW 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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Phone: (212) 983-9330
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