Faruqi & Faruqi, LLP Launches an Investigation against Atlas Air Worldwide Holdings Inc. (AAWW) for Potential Breaches of Fiduciary Duties by Its Board of Directors

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Atlas Air Worldwide Holdings Inc. (“Atlas Air” or the “Company”) (NASDAQ: AAWW) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2007 Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 15, 2013, the Board of Directors recommends that Atlas Air’s shareholders vote to approve an amendment to the Company’s 2007 Incentive Plan to increase the shares available for awards by 1,300,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Atlas Air common stock.

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Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Atlas Air and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/AAWW or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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