Law Office of Brodsky & Smith, LLC Announces Investigation of Sterling Bancorp, Inc.

Sat Apr 6, 2013 12:30pm EDT

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

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130406:nPnPH89900


BALA CYNWYD, Pa.,  April 6, 2013  /PRNewswire/ -- Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Sterling Bancorp, Inc. ("Sterling" or the "Company") (NYSE: STL)
relating to the proposed acquisition by Provident New York Bancorp
("Provident").  

Under the terms of the transaction, Sterling shareholders will receive only
1.2625 shares of Provident stock for each share of Sterling stock they own. The
investigation concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Sterling for not acting in the
Company's shareholders' best interests in connection with the sale process. The
transaction may undervalue the Company as an analyst has set a price target for
Sterling stock  $11.50  per share.  

If you own shares of Sterling stock and wish to discuss the legal ramifications
of the proposed transaction, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation or cost to you,
attempt to answer your questions.   You may contact  Jason L. Brodsky, Esquire 
or  Evan J. Smith, Esquire  at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, 
Bala Cynwyd, PA  19004, by e-mail at  investorrelations@brodsky-smith.com 
visiting  http://brodsky-smith.com/561-stl-sterling-bancorp-inc.html, by calling
toll free 877-LEGAL-90.

SOURCE  Brodsky & Smith, LLC

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.