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 Farmer Brothers Co. (“Farmer Bros.” or the “Company”) (NasdaqGM:FARM) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Amended and Restated 2007 Long-Term Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on October 28, 2013, the Board of Directors recommends that Farmer Bros.’ shareholders vote to approve the Amended and Restated 2007 Long-Term Incentive Plan, which amends and restates the existing Farmer Bros. Co. 2007 Omnibus Plan. This would, among other things, increase the authorized number of shares issuable under the plan by up to 1,375,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Farmer Bros. Co. 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 Farmer Brothers Co. and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FARM 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. Contact:
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