Glancy Binkow & Goldberg LLP Announces Investigation Into Regis Corporation
LOS ANGELES--(BUSINESS WIRE)-- Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against Regis Corporation (“Regis” or the “Company”) (NYSE:RGS) and its Board of Directors related to the Company’s compensation package for its CEO and other top executives.
The investigation concerns whether the Board of Directors breached their fiduciary duties by awarding themselves excessive compensation despite the Company’s shareholders voting “no” on Regis’ “say on pay provision” at the Company’s annual meeting. Regis decided to increase its top executive significantly between the years 2008 to 2011. During the same time frame total revenue at the Company decreased. In fact, first quarter 2011 results were down approximately 54% from the first quarter of the previous year.
If you are a shareholder of Regis, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, CA 90067, by telephone at 310-201-9150 or Toll Free at 888-773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
CONTACT:
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire, 310-201-9150
Toll Free: 888-773-9224
shareholders@glancylaw.com
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Professional Services Finance Legal
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