Faruqi & Faruqi, LLP Launches An Investigation Against Mitek Systems, Inc. (MITK) 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 Mitek Systems, Inc.

Jan 23, 2014, 17:00 ET from Faruqi & Faruqi, LLP

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 Mitek Systems, Inc. ("Mitek Systems" or the "Company") (NASDAQ: MITK) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment of the Company's 2012 Incentive Plan.

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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 Mitek Systems' shareholders vote to approve an amendment to the Company's 2012 Incentive Plan to increase the number of shares available for issuance thereunder from 2,000,000 to 4,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Mitek Systems common stock.

Request more information now by clicking here: www.faruqilaw.com/MITK. There is no cost or obligation to you.

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 Mitek Systems and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MITK or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact: Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. jmonteverde@faruqilaw.com

Toll Free: (877) 247-4292 Phone:    (212) 983-9330

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