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Dec 27, 2013
  |  Press Release

Faruqi & Faruqi, LLP Launches An Investigation Against Simulations Plus, Inc. (SLP) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

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 Simulations Plus, Inc. (“Simulations Plus” or the “Company”) (NASDAQ:SLP) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval to amend the Company’s 2007 Stock Option Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 26, 2013, the Board of Directors recommends that Simulation Plus’s shareholders vote to approve the amended 2007 Stock Option Plan to increase the number of shares issuable under the plan by 1,000,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Simulations common stock.

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