Business & Finance
Mon, January 23, 2012
LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Gotham Bank of New York ( aGothama or the aCompanya) (Pink Sheets: GOBN) related to the proposed acquisition of the Company by Provident Bank. Under the terms of the agreement, Gotham Bankas shareholders will receive a per share price equal to the sum of 125% of Gotham Bankas adjusted tangible net worth.
The investigation concerns whether the Board of Directors of Gotham breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.
If you are a shareholder of Gotham 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 Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at 310-201-9150 or Toll Free at 888-773-9224 or by email to [ shareholders@glancylaw.com ].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
