We Give Shareholders a Voice
Levi & Korsinsky announces it has commenced an investigation of Office Depot, Inc. (NASDAQ: ODP) concerning possible breaches of fiduciary duty by the board of directors of the company. In particular, In particular, we determined that on November 12, 2013, the Company granted CEO Roland Smith performance awards of up to 1,799,424 shares in violation of the Company’s shareholder-approved Incentive and Performance plan, which sets a limit of 1,500,000 shares. We are investigating an action seeking to force the Company to rescind the improper performance share grants.
To receive more information, please fill out the form.