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Levi & Korsinsky announces it has commenced an investigation Rubicon Technology, Inc. (NASDAQ: RBCN) concerning possible breaches of fiduciary duty.
We are prepared to challenge the improper compensation granted by Rubicon Technology, Inc. In particular, we determined that, since February 10, 2016, the Company granted the CEO 300,000 shares of stock in excess compensation, worth approximately $240,000, in violation of the Company’s shareholder-approved compensation plan. We are investigating an action seeking to force the Company to rescind these improper grants.
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