Published: November 29, 2012
Faruqi & Faruqi, LLP Launches An Investigation Against Cantel Medical Corp. For Potential Breaches Of Fiduciary Duties By Its Board Of Directors (CMN)
NEW YORK - (BUSINESS WIRE) - Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Cantel
Medical Corp. ("Cantel" or the "Company" ) (NYSE: CMN) for potential
breaches of fiduciary duties in connection with their conduct in seeking
shareholders' approval of an amendment to the Company's Certificate of
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on November 28, 2012, the Board of
Directors recommends that Cantel's shareholders vote to approve an
amendment to the Company's Certificate of Incorporation to increase the
number of authorized shares of common stock from 30,000,000 to
75,000,000. The issuance of the additional shares could have a severe
dilutive effect on the shares of Cantel's common stock.
Request more information now by clicking here: www.faruqilaw.com/CMN.
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Faruqi & Faruqi, LLP Launches An Investigation Against Cantel Medical Corp. For Potential Breaches Of Fiduciary Duties By Its Board Of Directors (CMN),
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