SAN DIEGO--(BUSINESS WIRE)-- Shareholder rights firm Robbins Umeda LLP is investigating possible breaches of fiduciary duty and other violations of the law by certain officers and directors of AsiaInfo-Linkage, Inc. (NASDAQGS: ASIA). Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Gregory E. Del Gaizo at (800) 350-6003, firstname.lastname@example.org, or via the shareholder information form on the firm's website.
Robbins Umeda is investigating whether AsiaInfo's officers and directors violated or failed to follow AsiaInfo's shareholder-approved 2011 Stock Incentive Plan. In particular, on December 6, 2011, the board of directors granted 750,000 stock options to AsiaInfo's President and Chief Executive Officer, Steve Zhang, and 110,000 stock options to Guoxiang Liu, the company's Executive Vice President. AsiaInfo's Stock Incentive Plan limits the performance based equity awards that may be granted to any individual participant to 100,000 shares per fiscal year.
Robbins Umeda LLP highlights that AsiaInfo shareholders have the option to file a shareholder derivative action to hold those officers and directors accountable for damaging the company. Remedies commonly sought in derivative actions include corporate governance reforms designed to prevent future misconduct, removal of officers or directors whose misconduct injured the corporation, and monetary payments in the form of damages and disgorgement of ill-gotten gains.
Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.
Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/asiainfo-linkage-inc/
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Source: Robbins Umeda LLP