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Faruqi & Faruqi, LLP Launches An Investigation Against Entercom Communications Corp (ETM) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

2014-03-14 13:50 ET - News Release

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Entercom Communications Corp.

NEW YORK, March 14, 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 Entercom Communications Corp. ("Entercom" or the "Company") (NYSE: ETM) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval of an amendment and restatement of the Entercom Equity Compensation Plan.

Faruqi & Faruqi, LLP

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 7, 2014, , the Board of Directors recommends that Entercom's shareholders vote to approve the issuance of 10,300,000 shares of the Class A Common Stock under the amendment and restatement of the Entercom Equity Compensation Plan.  The issuance of these shares could have a substantial dilutive effect on the shares of Entercom common stock.

Request more information now by clicking here: www.faruqilaw.com/ETM. 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 Entercom and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ETM 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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SOURCE Faruqi & Faruqi, LLP

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