Faruqi & Faruqi, LLP Launches An Investigation Against Vitesse Semiconductor Corporation (VTSS) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

NEW YORK--()--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Vitesse Semiconductor Corporation (“Vitesse Semiconductor” or the “Company”) (NasdaqGM: VTSS) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Company’s 2013 Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 15, 2013, the Board of Directors recommends that Vitesse Semiconductor’s shareholders vote to approve the Vitesse Semiconductor Corporation 2013 Incentive Plan. The 2013 Incentive Plan authorizes the issuance of 6,700,000 shares of the Company’s Common Stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of Vitesse Semiconductor’s common stock.

Request more information now by clicking here: www.faruqilaw.com/VTSS. 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 Vitesse Semiconductor and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/VTSS 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 Vitesse Semiconductor over their conduct in seeking shareholders’ approval for the Company’s 2013 Incentive Plan.

Faruqi & Faruqi, LLP