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 Old Line Bancshares, Inc. (“Old Line” or the “Company”) (OLBK) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment of the Company’s 2010 Equity Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on July 12, 2013, the Board of Directors recommends that Old Line’s shareholders vote to approve an amendment to the Company’s 2010 Equity Incentive Plan to increase the number of shares available for issuance thereunder by 450,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Old Line 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.
If you own common stock in Old Line and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/OLBK 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.
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Attn: Juan E. Monteverde, Esq.
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