Ryan & Maniskas, LLP Announces Investigation of Hudson City Bancorp, Inc.

Tue Aug 28, 2012 11:45am EDT

* Reuters is not responsible for the content in this press release.

Ryan & Maniskas, LLP Announces Investigation of Hudson City Bancorp, Inc.

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/hcbk) is investigating potential claims against the board of directors of Hudson City Bancorp, Inc. (“Hudson City” or the “Company”) (NASDAQ: HCBK) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Hudson City to M&T Bank Corp. in a transaction valued at approximately $3.7 billion.

Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Hudson City. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/hcbk.

Under the terms of the transaction, Hudson City shareholders may elect to receive a consideration valued at 0.08403 of an M&T Bank Corp. share in either cash or stock for each Hudson City share they own, a value of approximately $7.22 a share.

If you own shares of Hudson City and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/hcbk. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
877-316-3218
rmaniskas@rmclasslaw.com
www.rmclasslaw.com/cases/hcbk