"Say on Pay" Vote at Cogent Communications Group Prompts Stockholder Investigation by Goldfarb Branham Law Firm LLP

^{Published on 2011-11-17 13:48:09 - Market Wire}
 

'Say on Pay' Vote at Cogent Communications Group Prompts Stockholder Investigation by Goldfarb Branham... -- DALLAS, Nov. 17, 2011/PRNewswire/ --

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DALLAS, Nov. 17, 2011/PRNewswire/ -- [ Goldfarb Branham LLP ] is investigating whether certain officers and directors of Cogent Communications Group (Nasdaq: [ CCOI ]) violated shareholder protection laws by paying executives excessive compensation. Concerned Cogent Communication investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [ hlindley@goldfarbbranham.com ] about their rights and remedies.

"Recently, at the Company's annual stockholder meeting, only 36% of the Company's shareholders voted in favor of Cogent's executive compensation program," said Hamilton Lindley. "Cogent historically has been unsuccessful in generating revenues that exceed its operating expenses.  Nevertheless, the CEO and other executives have reaped millions in annual compensation, mainly through equity incentive awards that the Board has granted without regard to company performance.  Our proposed shareholder lawsuit seeks to ensure that the Cogent Communication executives are held to their fiduciary duties."  

[ Goldfarb Branham LLP ] lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Cogent Communication Group investors – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [ hlindley@goldfarbbranham.com ] or 877-583-2855.

Hamilton Lindley
Goldfarb Branham LLP
2501 N. Harwood, Ste. 1801
Dallas, TX 75201
(877) 583-2855 Toll Free Telephone
(214) 583-2233 Local Phone Number
(214) 583-2234 Fax Number
[ hlindley@goldfarbbranham.com ]
[ www.goldfarbbranham.com ]

SOURCE Goldfarb Branham LLP

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