Faruqi & Faruqi, LLP Launches An Investigation Against Acura Pharmaceuticals, Inc. (ACUR) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Acura Pharmaceuticals, Inc.

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Faruqi & Faruqi, LLP

Mar 20, 2014, 02:56 ET

NEW YORK, March 20, 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 Acura Pharmaceuticals, Inc. ("Acura" or the "Company") (NasdaqCM: ACUR) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for the 2014 Restricted Stock Unit Award Plan ("Plan").

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 12, 2014, the Board of Directors recommends that Acura's shareholders vote to approve an increase of the total shares of common stock for issuance by 2,000,000 under the Plan. The issuance of these shares could have a substantial dilutive effect on the shares of Acura common stock.

Request more information now by clicking here: www.faruqilaw.com/ACUR. 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 Acura and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ACUR 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

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