1st Constitution Bancorp
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1ST CONSTITUTION MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF 1ST CONSTITUTION BANCORP IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – FCCY
July 13, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of 1st Constitution Bancorp (NASDAQ: FCCY) to Lakeland Bancorp, Inc. is fair to 1st Constitution shareholders. Under the terms of the agreement, Lakeland will acquire all of the outstanding shares of 1st Constitution in exchange for common shares of Lakeland and will cash out outstanding 1st Constitution options. The exchange ratio will be fixed at 1.3577 Lakeland shares for each 1st Constitution share.
The investigation concerns whether 1st Constitution and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for 1st Constitution shareholders; (2) determine whether Lakeland is underpaying for 1st Constitution; and (3) disclose all material information necessary for 1st Constitution shareholders to adequately assess and value the merger consideration. On behalf of 1st Constitution shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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