NEW YORK, Jan. 23, 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 Chanticleer Holdings, Inc. ("Chanticleer" or the "Company") (NASDAQ: HOTR) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of the Company's 2014 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 21, 2014, the Board of Directors recommends that Chanticleer's shareholders vote to approve an amendment to the Company's 2014 Stock Incentive Plan to increase the number of shares available for issuance thereunder from 20,000,000 to 45,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Chanticleer 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 Chanticleer and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HOTR 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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