NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of The Toro
Company (“Toro” or the “Company”) (NYSE: TTC) for potential breaches of
fiduciary duties in connection with their conduct in seeking
shareholders’ approval for an amendment to the Company’s Restated
Certificate of Incorporation.
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on January 29, 2013, the Board of
Directors recommends that Toro’s shareholders vote to approve an
amendment to restate the Company’s Certificate of Incorporation to
increase the number of authorized shares of common stock from
100,000,000 to 175,000,000. The issuance of the additional shares could
have a substantial dilutive effect on the shares of Toro common stock.
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Faruqi & Faruqi, LLP is a national law firm which represents investors
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providing exemplary legal services in complex litigation in the areas of
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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 Toro and wish to obtain additional
information and protect your investments free of charge, please visit us
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.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Free: (877) 247-4292
Phone: (212) 983-9330
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to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
247-4292 or (212) 983-9330
Source: Faruqi & Faruqi, LLP
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