Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of The Hain
Celestial Group, Inc. (“Hain” or the “Company”) (NasdaqGS: HAIN) for
potential breaches of fiduciary duties in connection with their conduct
in seeking shareholders’ approval of executive compensation and an
amendment to the Company’s Incentive and Stock Award Plan.
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on October 5, 2012, the Board of
Directors recommends that Hain’s shareholders vote to approve the
amendment of the Company’s Amended and Restated 2002 Long Term Incentive
and Stock Award Plan (the “2002 Plan”) to increase the maximum number of
shares authorized for issuance under the 2002 Plan by 1,250,000 shares,
to a total of 12,000,000 shares. The issuance of the additional shares
could have a severe dilutive effect on the shares of Hain’s common stock.
Request more information now by clicking here: www.faruqilaw.com/HAIN.
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
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has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Hain and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/HAIN
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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