Faruqi & Faruqi, LLP Launches An Investigation Against Liquidmetal Technologies Inc. (LQMT) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Liquidmetal Technologies Inc. (“Liquidmetal” or the “Company”) (OTC BB: LQMT) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's Certificate of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 9, 2013, the Board of Directors recommends that Liquidmetal's shareholders vote to approve an amendment to the Company's Certificate of Incorporation to increase the number of shares of the Company's common stock the Company is authorized to issue from 400,000,000 shares to 500,000,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Liquidmetal common stock.
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If you own common stock in Liquidmetal and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/LQMT 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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