NEW YORK, April 12, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities class action firm headquartered at the Empire State Building in New York City, is investigating Astoria Financial Corp. ("Astoria" or the "Company") (NYSE: AF) and its Board of Directors for potential securities laws violations and/or breaches of fiduciary duties in connection with the sale of the Company to Sterling Bancorp ("Sterling") (NYSE: STL). The Company's stockholders will only receive 0.875 shares in Sterling Bancorp for for each Astoria share they own.
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The investigation focuses on whether Astoria and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
If you own common stock in Astoria and wish to obtain additional information and protect your investments free of charge, please visit us at www.monteverdelaw.com/investigations/m-a/ or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (212) 971-1341.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
Tel: (212) 971-1341
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