NEW YORK, Feb. 20, 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 CLARCOR
Inc. ("CLARCOR" or the "Company") (NYSE: CLC) for potential
breaches of fiduciary duties in connection with their conduct in
seeking shareholders' approval for an amendment to the 2014 CLARCOR
Inc. Incentive Plan (the "Plan").
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on February 20, 2014 the Board of Directors
recommends that CLARCOR's shareholders vote to approve the Plan for
the issuance of 6,000,000 shares to be granted thereunder.
The issuance of these shares could have a substantial dilutive
effect on the shares of CLARCOR common stock.
Request more information now by clicking here:
www.faruqilaw.com/CLC. There is no cost or obligation to
you.
Faruqi & Faruqi, LLP is a national law firm which represents
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If you own common stock in CLARCOR and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/CLC 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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