January 21, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of ConnectOne Bancorp, Inc. (“ConnectOne” or the “Company”) (NASDAQ: CNOB) breached its fiduciary duty to its shareholders in agreeing to merge ConnectOne with Center Bancorp, Inc. (NASDAQ: CNBC).
Under the terms of the agreement, ConnectOne shareholders will receive a fixed exchange ratio of 2.6 shares of Center common stock for each share of ConnectOne common stock they own. The investigation is focused on the potential unfairness of the price to ConnectOne shareholders and the process by which the ConnectOne Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eleven years.