Oritani Financial Corp.
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ORITANI MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ORITANI FINANCIAL CORP. IS FAIR TO SHAREHOLDERS – ORIT
June 26, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Oritani Financial Corp. (NASDAQ: ORIT) to Valley National Bancorp (“Valley National”) is fair to Oritani shareholders. On behalf of Oritani shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Oritani merger investigation concerns whether Oritani and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Oritani shareholders; (2) determine whether Extreme Networks is underpaying for Oritani; and (3) disclose all material information necessary for Oritani shareholders to adequately assess and value the merger consideration.
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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