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Faruqi &;; Faruqi, LLP Launches an Investigation Against Buckeye Technologies Inc. (BKI) for Potential Breaches of Fi


Published on 2012-09-25 16:17:05 - Market Wire
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NEW YORK--([ ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Buckeye Technologies Inc. (aBuckeyea or the aCompanya) (NYSE:BKI) for potential breaches of fiduciary duties in connection with their conduct of seeking shareholdersa approval of executive compensation and an amendment to the Companyas Incentive Compensation Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on September 20, 2012, the Board of Directors recommends that the shareholders vote for the approval of the Amendment and Restatement of Buckeyeas 2007 Omnibus Incentive Compensation Plan to authorize issuance of an additional 2,000,000 shares of common stock. The issuance of the additional shares could have a severe dilutive effect on the shares of Buckeyeas common stock.

Request more information now by clicking here: [ www.faruqilaw.com/BKI ].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 firmas clients.

If you own common stock in Buckeye and wish to obtain additional information and protect your investments free of charge, please visit us at [ www.faruqilaw.com/BKI ] 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.

Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.