WILMINGTON, Del., Nov. 7, 2014 /PRNewswire/ – Rigrodsky & Long, P.A.:
- Do you own shares of Hudson Valley Holding Corp. (NYSE: HVB)?
- Did you purchase any of your shares prior to November 5, 2014?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Hudson Valley Holding Corp. ("Hudson Valley" or the "Company") (NYSE: HVB) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Sterling Bancorp ("Sterling") (NYSE: STL).
Click here to learn more: http://www.rigrodskylong.com/investigations/hudson-valley-holding-corp-hvb.
Under the terms of the agreement, shareholders of Hudson Valley will receive 1.92 shares of Sterling common stock for each share of Hudson Valley common stock. Based on Sterling's closing stock price on November 4, 2014, Hudson Valley shareholders would have received consideration valued at approximately $26.86 per share.
The investigation concerns whether Hudson Valley's board of directors failed to adequately shop the Company and obtain the best possible value for Hudson Valley's shareholders before entering into an agreement with Sterling.
If you own the common stock of Hudson Valley and purchased your shares before November 5, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/hudson-valley-holding-corp-hvb.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.