|[December 14, 2012]
Faruqi & Faruqi, LLP Launches An Investigation Against Commercial Metals Company (CMC) 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 Commercial
Metals Company ("Commercial Metals" or the "Company") (NYSE: CMC) for
potential breaches of fiduciary duties in connection with their conduct
in seeking shareholders' approval for the implementation of Cash and
Long-Term Equity Incentive Plans.
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 Commercial Metal's shareholders vote to
approve the Company's 2013 Cash Incentive Plan and 2013 Long-Term Equity
Incentive Plan, the latter of which would reserve 15,750,000 shares of
Company common stock for awards. The issuance of the additional shares
could have a substantial dilutive effect on the shares of Commercial
Metals common stock.
Request more information now by clicking here: www.faruqilaw.com/CMC.
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.
If you own common stock in Commercial Metals and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/CMC
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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responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
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