This law firm is a giant ass hole. They are serial nuisance sue'rs of public companies looking for settlements.
PRESS RELEASE March 13, 2014, 7:31 p.m. ET .Faruqi & Faruqi, LLP Announces the Investigation of Orchids Paper Products Company (TIS) For Potential Breaches of Fiduciary Duties by Its Board of Directors .EmailPrinter FriendlyShare: facebook ? More. .StumbleUponLinkedInTwitterFarkRedditdel.icio.usMySpace Text Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Orchids Paper Products Company NEW YORK, March 13, 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 Orchids Paper Products Company ("Orchids" or the "Company") (NYSE MKT: TIS) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval the Company's 2014 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 5, 2014, the Board of Directors recommends that Orchids' shareholders vote to approve a grant to approve the Company's 2014 Stock Incentive Plan which would allocate 400,000 shares of Company Stock for issuance thereunder -- and would be separate from the 400,000 shares allocated under the Schoen Option for the Company's President and Chief Executive Officer. The issuance of the additional shares could have a substantial dilutive effect on the shares of Orchids common stock.
Request more information now by clicking here: www.faruqilaw.com/TIS. There is no cost or obligation to you.
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 Orchids and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TIS or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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