Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Commercial Metals Company (“Commercial Metals” or the “Company”) (NYSE: CMC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the implementation of Cash and Long-Term Equity Incentive Plans.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 10, 2012, the Board of Directors recommends that Commercial Metal’s shareholders vote to approve the Company’s 2013 Cash Incentive Plan and 2013 Long-Term Equity Incentive Plan, the latter of which would reserve 15,750,000 shares of Company common stock for awards. The issuance of the additional shares could have a substantial dilutive effect on the shares of Commercial Metals 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 Commercial Metals and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CMC 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. 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.