MILWAUKEE, June 26, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Oritani Financial Corp. (NASDAQ:
ORIT) for possible breaches of fiduciary duty and other
violations of the law in connection with the sale of Oritani to
Valley.
Click here to learn how to join the action:
http://ademilaw.com/case/oritani or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Oritani's financial outlook is
improving and yet shareholders will receive only 1.60 shares of
Valley common stock for each share of Oritani common stock they
own, or approximately $16.29 based on
Valley's closing price on June 25,
2019. Valley is acquiring Oritani at a substantial
discount. The merger agreement unreasonably limits competing
bids for Oritani by prohibiting solicitation of further bids, and
imposing a termination penalty if Oritani accepts a superior bid.
Oritani insiders will receive millions of dollars as part of change
of control arrangements. We are investigating on the conduct of
Oritani's board of directors, and whether they are (i) fulfilling
their fiduciary duties to all shareholders, and (ii) obtaining a
fair and reasonable price for Oritani.
If you own common stock in Oritani and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/oritani.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP