Two additional law firms have instituted investigations into the merger. Newman Ferrara & Levi & Korsinsky.
The investigation concerns whether the Hudson City Board of Directors breached their fiduciary duties to Hudson City stockholders by failing to adequately shop the Company before entering into this transaction and whether M&T Bank Corp. is underpaying for Hudson City shares, thus unlawfully harming Hudson City stockholders. In particular, Hudson City has a reported Book Value of $9.39 per share for the most recent quarter.
Contact Levi & Korsinsky at (877) 363-5972 attorney Joseph E. Levi.
Contact Newman at (212) 619-5400 attorney: Roy Shimon