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.
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Faruqi & Faruqi, LLP is a national law firm which represents investors
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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 firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Free: (877) 247-4292
Phone: (212) 983-9330
Source: Faruqi & Faruqi, LLP
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