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 Einstein Noah Restaurant Group, Inc. (“Einstein Noah” or the “Company”) (BAGL) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2011 Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 24, 2014, the Board of Directors recommends that Einstein Noah’s shareholders vote to approve an amendment to the 2011 Omnibus Incentive Plan to increase the number of authorized shares for issuance under the Plan from 1,000,000 to 1,850,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Einstein Noah common stock.
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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 at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Einstein Noah and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/BAGL or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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