Faruqi & Faruqi, LLP Launches An Investigation Against Fifth Street Finance Corp. (FSC) 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 Fifth Street Finance Corp. (“Fifth Street Finance” or the “Company”) (NasdaqGS: FSC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's Restated Certificate of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 25, 2013, the Board of Directors recommends that Fifth Street Finance's shareholders vote to approve an amendment to the Company's Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 150,000,000 to 250,000,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Fifth Street Finance 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 Fifth Street Finance and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FSC 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.
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Faruqi & Faruqi, LLP
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Phone: (212) 983-9330