Faruqi & Faruqi, LLP Launches An Investigation of FuelCell Energy, Inc. For Potential Breaches of Fiduciary Duties by Its Board of Directors

NEW YORK, Feb. 13, 2014 /PRNewswire/ -- 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 FuelCell Energy, Inc. ("FuelCell" or the "Company") (NasdaqGM: FCEL) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the FuelCell Energy, Inc. Amended and Restated 2010 Equity Incentive Plan (the "Plan").

(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO)

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on February 11, 2014 the Board of Directors recommends that FuelCell's shareholders vote to approve an amendment to the Plan to increase the aggregate number of shares of common stock reserved for issuance under the plan from 7,500,000 shares to 15,500,000 shares.  The issuance of these shares could have a substantial dilutive effect on the shares of FuelCell common stock.

Request more information now by clicking here: www.faruqilaw.com/FCEL. 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 all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.  To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in FuelCell and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FCEL or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone:    (212) 983-9330

Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We are happy to discuss your particular case.

SOURCE Faruqi & Faruqi, LLP