October 11, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Corporate Resource Services Inc (NASDAQ:CRRS) was announced concerning whether certain Corporate Resource Services officers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain Corporate Resource Services officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders' approval for the Company's 2013 Equity Incentive Plan.

In the Proxy Statement filed by Corporate Resource Services Inc with the Securities and Exchange Commission Board of Directors recommends that Corporate Resource's shareholders vote to approve the Company's 2013 Equity Incentive Plan to increase the number of shares available for issuance thereunder by 5,000,000 shares.

According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of Corporate Resource Services Inc

Corporate Resource Services Inc reported that its Total Revenue increased from $538.94 million for the 12 months period that ended on Sept. 30, 2011 to $639.79 million for the 12 months period that ended on Sept. 28, 2012, while its Net Income of $0.11 million for the 12 months period that ended on Sept. 30, 2011 declined to a Net Loss of $3.37 million for the 12 months period that ended on Sept. 28, 2012.

Shares of Corporate Resource Services Inc (NASDAQ:CRRS) grew from $0.351 in late December 2012 to as high as $5.00 per share in September 2013.

On Oct.119, 2013, NASDAQ:CRRS shares closed at $3.19 per share.