|[February 19, 2013]
Faruqi & Faruqi, LLP Launches An Investigation Against MDC Holdings Inc. (MDC) 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 MDC
Holdings Inc. ("MDC" or the "Company") (NYSE: MDC) for potential
breaches of fiduciary duties in connection with their conduct in seeking
shareholders' approval for executive compensation.
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on February 6, 2013, the Board of
Directors recommends that MDC's shareholders vote to approve an
amendment to the MDC 2011 Equity Incentive Plan, authorizing 1,600,000
shares of Common Stock to be available for issuance. The proxy also
recommends that shareholders approve an advisory vote on executive
compensation. The issuance of the additional shares could have a
substantial dilutive effect on the shares of MDC common stock.
Request more information now by clicking here: www.faruqilaw.com/MDC.
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 MDC and wish to obtain additional information
and protect your investments free of charge, please visit us at www.faruqilaw.com/MDC
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 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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