Faruqi & Faruqi, LLP Launches An Investigation Against Cantel Medical Corp. For Potential Breaches Of Fiduciary Duties By Its Board Of Directors (CMN)

NEW YORK--()--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cantel Medical Corp. (“Cantel” or the “Company”) (NYSE: CMN) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of an amendment to the Company’s Certificate of Incorporation.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on November 28, 2012, the Board of Directors recommends that Cantel’s shareholders vote to approve an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock from 30,000,000 to 75,000,000. The issuance of the additional shares could have a severe dilutive effect on the shares of Cantel’s common stock.

Request more information now by clicking here: www.faruqilaw.com/CMN. 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.

If you own common stock in Cantel and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CMN 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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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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Release Summary

Faruqi & Faruqi, LLP is investigating the Board of Directors of Cantel Medical Corp. for potential breaches of fiduciary duties related to the proposed proxy share issuance.

Faruqi & Faruqi, LLP