Lakeland Bancorp, Inc.
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LBAI STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF LAKELAND BANCORP, INC. IS FAIR TO SHAREHOLDERS
September 27, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Lakeland Bancorp, Inc. (NASDAQ: LBAI) to Provident Financial Services, Inc. for 0.8319 shares of Provident common stock for each share of Lakeland common stock is fair to Lakeland shareholders.
The investigation concerns whether Lakeland 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 Lakeland shareholders; (2) determine whether Provident is underpaying for Lakeland; and (3) disclose all material information necessary for Lakeland shareholders to adequately assess and value the merger consideration. On behalf of Lakeland shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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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