Law Firm of Levi & Korsinsky Investigation Into Insmed For Executive Compensation
Jan. 17, 2013, 2:06 p.m. EST
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Directors of Insmed Incorporated in Connection with Executive Compensation
NEW YORK, Jan. 17, 2013 /PRNewswire via COMTEX/ -- Levi & Korsinsky, LLP is investigating Insmed Incorporated (nasdaqcm:INSM), and its Board of Directors, in connection with the compensation provided to certain of its executive officers.
If you own common stock in Insmed Incorporated and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at xxxx or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit xxxxx.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits.
CONTACT:Levi & Korsinsky, LLPEduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171
"The 2013 Incentive Plan provides for the issuance of 3,000,000 shares of the Company’s common stock (the “Common Stock”), plus: (i) 53,833 shares of Common Stock that were authorized for issuance under the Company’s Amended and Restated 2000 Stock Incentive Plan (the “2000 Stock Incentive Plan”) that, as of May 23, 2013, remained available for issuance under the 2000 Stock Incentive Plan and (ii) any shares of Common Stock subject to outstanding awards under the 2000 Stock Incentive Plan as of May 23, 2013 that, after May 23, 2013, are cancelled, expired, forfeited or otherwise not issued under such awards (including as a result of being withheld to pay withholding taxes in connection with such awards or settled in cash)."