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 DeVry Inc. (“DeVry” or the “Company”) (NYSE: DV) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the DeVry Inc. Incentive Plan of 2013.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on October 7, 2013, the Board of Directors recommends that DeVry’s shareholders vote to approve the DeVry Inc. Incentive Plan of 2013. The aggregate number of shares of Common Stock issuable under the 2013 Plan would be 5,000,000, plus any shares subject to an existing award under the 2005 Plan that are forfeited after the approval of the 2013 Plan. The issuance of the additional shares could have a substantial dilutive effect on the shares of DeVry 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 DeVry and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/DV 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.