Faruqi & Faruqi, LLP Launches An Investigation Against Concur Technologies, Inc. (CNQR) 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 Concur Technologies, Inc. (“Concur Technologies” or the “Company”) (NasdaqGS: CNQR) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the Company's Amended and Restated 2007 Equity Incentive Plan.
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 Concur Technologies' shareholders vote to approve an amendment and restatement to the Company's 2007 Equity Incentive Plan so as to increase the authorized number of shares of common stock available for issuance thereunder by 4,600,000 shares. The proxy also recommends that shareholders approve an advisory vote on the compensation of executive compensation. The issuance of the additional shares could have a substantial dilutive effect on the shares of Concur Technologies common stock.
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If you own common stock in Concur Technologies and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CNQR 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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