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| [November 19, 2012] |
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Faruqi & Faruqi, LLP Launches An Investigation Against Mannkind Corp. (MNKD) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of MannKind
Corp. ("Mannkind" or the "Company") (NasdaqGM: MNKD) for potential
breaches of fiduciary duties in connection with their conduct in seeking
shareholders' approval of an amendment to the Company's Amended and
Restated Certificate of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on November 16, 2012, the Board of
Directors recommends that Mannkind's shareholders vote to approve an
amendment to MannKind Corporation's Amended and Restated Certificate of
Incorporation to increase the authorized number of shares of common
stock from 350,000,000 shares to 550,000,000 shares. The issuance of the
additional shares could have a severe dilutive effect on the shares of
Mannkind's common stock.
Request more information now by clicking here: www.faruqilaw.com/MNKD.
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 Mannkind and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/MNKD
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) 2012 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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