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 Churchill
Downs Inc. (“Churchill” or the “Company”) (NasdaqGS: CHDN) for potential
breaches of fiduciary duties in connection with their conduct in seeking
shareholders’ approval for the Company’s 2007 Omnibus Stock Incentive
Plan.
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on March 24, 2014, the Board of
Directors recommends that Churchill’s shareholders vote to approve an
increase of the total shares of common stock for issuance by 1,800,000
under the 2007 Omnibus Stock Incentive Plan. The issuance of these
shares could have a substantial dilutive effect on the shares of
Churchill common stock.
Request more information now by clicking here: www.faruqilaw.com/CHDN.
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
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If you own common stock in Churchill and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/CHDN
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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