Roy Jacobs & Associates Investigating Hudson City Bancorp, Inc. for Possible Legal Violations (“HCBK”)
April 16 2015 - 11:30AM
Business Wire
Roy Jacobs & Associates announces that it is investigating
possible claims relating to the alleged violation of federal or
state laws on behalf of purchasers of the common stock of Hudson
City Bancorp, Inc. (NASDAQ-GS:HCBK)
If you hold these shares, please contact Roy L. Jacobs, Esq.
toll-free at 1-888-884-4490 or by e-mail to
rjacobs@jacobsclasslaw.com.
Hudson City Bancorp faces a U.S. government investigation into
discriminatory lending practices, according to press reports,
posing a potential new hurdle in the bank’s long-delayed sale to
M&T Bank Corp.
The Justice Department and Consumer Financial Protection Bureau
are examining whether 147-year-old Hudson City violated the Fair
Housing Act, the reports said. They further said that a preliminary
CFPB review concluded that the firm denied loans to people in
minority communities, including those in the New York area.
It is possible that Hudson City’s Board of Directors has been
derelict in its duties, and that its members are subject to an
action for breach of fiduciary duty, which could lead to damages
and/or an order requiring them to adopt needed corporate
reforms.
If you are a longer term Hudson City investor, and you are
interested in discussing your rights free of charge, please contact
Roy L. Jacobs. Mr. Jacobs will be glad to personally speak with
you.
ROY JACOBS & ASSOCIATESRoy L. Jacobs, Esq.,
1-888-884-4490rjacobs@jacobsclasslaw.com
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