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If you purchased shares of Cogent Communications Group, Inc. (NASDAQ:CCOI) and currently hold those CCOI stocks, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
San Diego, Nov. 23, 2011 (Shareholders Foundation) -- An investigation on behalf of investors of Cogent Communications Group, Inc. (NASDAQ:CCOI) concerning whether certain senior officers and executives breached their fiduciary duties related to potential excessive compensation that was awarded was announced.
The investigation by a law firm focuses on whether certain officers and directors of Cogent Communications Group, Inc. violated shareholder protection laws by paying executives excessive compensation.
Cogent Communications Groups shareholders recently expressed their disdain for executive pay packages by voting no on Cogent Communications Group's say on pay provision. At its April 27 annual meeting 61% of the shareholder voted against the Company's compensation plan.
Despite that NASDAQ:CCOI shares traded in 2008 as high as $22.32 per share and during 2007 as high as$32.85 per share and fell to recently slightly above $12.50 per share, Cogent Communications Groups CEO earned a total compensation in2010 of $3.99million, including a time-vested stock award, which was worth approximately $3.7 million.
