SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Faruqi & Faruqi, LLP Launches An Investigation Against Micron Technology Inc. (MU) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

[December 14, 2012]

Faruqi & Faruqi, LLP Launches An Investigation Against Micron Technology Inc. (MU) 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 Micron Technology Inc. ("Micron" or the "Company") (NasdaqGS: MU) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an Amended and Restated 2004 Equity Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 13, 2012, the Board of Directors recommends that Micron's shareholders vote to approve the Amended and Restated 2004 Equity Incentive Plan, which would increase the shares reserved for issuance by 30,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Micron common stock.

Request more information now by clicking here: www.faruqilaw.com/MU. 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 Micron and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MU 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.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.