|[December 14, 2012]
Faruqi & Faruqi, LLP Launches An Investigation Against Johnson Controls Inc. (JCI) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Johnson
Controls Inc. ("Johnson Controls" or the "Company") (NYSE: JCI) for
potential breaches of fiduciary duties in connection with their conduct
in seeking shareholders' approval for the Company's 2012 Omnibus
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on December 10, 2012, the Board of
Directors recommends that Johnson Controls' shareholders vote to approve
the Johnson Controls, Inc. 2012 Omnibus Incentive Plan. The 2012 Omnibus
Incentive Plan would allow the Company to issue 36,800,000 shares of
common stock. The issuance of the additional shares could have a
substantial dilutive effect on the shares of Johnson Controls' common
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If you own common stock in Johnson Controls and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/JCI
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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