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WILMINGTON, Del., June 26, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Oritani Financial Corp. (“Oritani” or the “Company”) (NASDAQ GS: ORIT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Valley National Bancorp (“Valley National”) (NASDAQ GS: VLY) in a transaction valued at approximately $740 million. Under the terms of the agreement, shareholders of Oritani will receive 1.60 shares of Valley National common stock for each Oritani share they own.
If you own common stock of Oritani and purchased any shares before June 26, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions,shareholder class actions,and shareholder derivative actions.
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