NEW YORK, April 11, 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 NMI Holdings, Inc. ("NMI Holdings" or the "Company") (NasdaqGM: NMIH) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of the NMI Holdings, Inc.'s 2014 Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 26, 2014, the Board of Directors recommends that NMI Holdings's shareholders vote to approve the 2014 Omnibus Incentive Plan to authorize an issuance of 4,000,000 shares of the common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of NMI Holdings 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. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in NMI Holdings and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/NMIH or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] 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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