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Faruqi & Faruqi, LLP Launches An Investigation Against Concur Technologies, Inc. (CNQR) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

2013-02-01 11:20 ET - News Release

NEW YORK -- (Business Wire)

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.

Request more information now by clicking here: www.faruqilaw.com/CNQR. 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.

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 jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 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.


Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Source: Faruqi & Faruqi, LLP

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