Faruqi & Faruqi, LLP Launches An Investigation of Advaxis, Inc. 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 Advaxis, Inc.

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Faruqi & Faruqi, LLP

Feb 28, 2014, 03:42 ET

NEW YORK, Feb. 28, 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 Advaxis, Inc. ("Advaxis" or the "Company") (NasdaqCM: ADXS) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the 2011 Omnibus Incentive Plan (the "Plan").

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on February 28, 2014 the Board of Directors recommends that Advaxis 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 by 2,000,000 shares. The issuance of these shares could have a substantial dilutive effect on the shares of Advaxis common stock.

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