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TMCNet:  Faruqi & Faruqi, LLP Launches An Investigation Against United Community Bancorp (UCBA) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

[January 10, 2014]

Faruqi & Faruqi, LLP Launches An Investigation Against United Community Bancorp (UCBA) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

NEW YORK --(Business Wire)--

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 United Community Bancorp ("United Community" or the "Company") (NasdaqGM: UCBA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the 2014 Equity Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 10, 2014, the Board of Directors recommends that United Community's shareholders vote to approve the 2014 Equity Incentive Plan which would grant a total of 372,102 shares of the common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of United Community common stock.

Request more information now by clicking here: www.faruqilaw.com/UCBA. 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. To keep track of the latest securities litigation news, follow us on Twitter (News - Alert) at www.twitter.com/MergerActivity or on Facebook (News - Alert) at www.facebook.com/FaruqiLaw.

If you own common stock in United Community and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/UCBA 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.

Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.


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