NEW YORK, April 11, 2014 /PRNewswire/ -- 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 Agree Realty Corp. ("Agree Realty" or the "Company") (NYSE: ADC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of the 2014 Omnibus Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 26, 2014, the Board of Directors recommends that Agree Realty's shareholders vote to approve the 2014 Omnibus Incentive Plan to authorize an issuance of 1,000,000 shares of the common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of Agree Realty 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 Agree Realty and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ADC 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. Contact: