NEW YORK, March 14, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Flatbush
Federal Bancorp, Inc. ("Flatbush" or the "Company") (OTC: FLTB) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Northfield
Bancorp, Inc. (Nasdaq: NFBK). Under the terms of the
agreement, Flatbush stockholders will receive 0.4748 shares of
Northfield Bancorp common stock for each share of Flatbush common
stock they own. This represents a value of approximately
$6.50 per share of Flatbush stock,
based on the average closing price of Northfield Bancorp common
stock over the past 10 trading days.
Click here to learn how to join the action:
http://www.zlk.com/flatbush-federal-bancorp-fltb, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Flatbush Board of
Directors breached their fiduciary duties to Flatbush stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Northfield Bancorp, Inc. is underpaying for
Flatbush shares, thus unlawfully harming Flatbush
stockholders.
If you own common stock in Flatbush and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
The attorneys at Levi & Korsinsky have been appointed by
numerous courts throughout the country to serve as lead counsel on
behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP