|By PR Newswire||
|March 21, 2014 05:44 PM EDT||
NEW YORK, March 21, 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 Peapack-Gladstone Financial Corp. ("Peapack-Gladstone" or the "Company") (NasdaqGS: PGC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the Company's 2012 Long-Term Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 21, 2014, the Board of Directors recommends that Peapack-Gladstone's shareholders vote to approve the issuance of shares of the common stock by 300,000 under the 2012 Long-Term Stock Incentive Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Peapack-Gladstone 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. 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 Peapack-Gladstone and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PGC or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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