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PROCERA NETWORKS INC

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Procera Networks Inc : Faruqi & Faruqi, LLP Launches an Investigation against Procera Networks, Inc. (PKT) for Potential Breaches of Fiduciary Duties by Its Board of Directors

04/19/2013 | 08:35pm EDT

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Procera Networks, Inc. ("Procera" or the "Company") (NASDAQ: PKT) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's 2007 Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 15, 2013, the Board of Directors recommends that Procera's shareholders vote to approve an amendment to the Company's 2007 Incentive Plan which would increase the number of shares of common stock available for issuance by 500,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Procera common stock.

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

Attorney Advertising. (C) 2013 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.

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


© Business Wire 2013
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Managers and Directors
Lyndon Wayne Cantor Chief Executive Officer
Richard Deggs Chief Financial Officer & Secretary
Alexander Haväng Chief Technical Officer
Mark Driedger Chief Operating Officer
Joel Stewart Dumaresq Director
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