Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Buckeye Technologies Inc. (“Buckeye” or the “Company”) (NYSE:BKI) for potential breaches of fiduciary duties in connection with their conduct of seeking shareholders’ approval of executive compensation and an amendment to the Company’s Incentive Compensation Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on September 20, 2012, the Board of Directors recommends that the shareholders vote for the approval of the Amendment and Restatement of Buckeye’s 2007 Omnibus Incentive Compensation Plan to authorize issuance of an additional 2,000,000 shares of common stock. The issuance of the additional shares could have a severe dilutive effect on the shares of Buckeye’s common stock.
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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 Buckeye and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/BKI 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.
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Contacts:
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Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
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Free: (877) 247-4292
Phone: (212) 983-9330