BALA CYNWYD, Pa., March 11, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Oneida Financial Corp. ("Oneida
Financial" or "the Company") (Nasdaq-ONFC-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Community Bank System,
Inc.. ("Community Bank").
Click here to learn more about the investigation
http://brodsky-smith.com/903-onfc-oneida-financial-corp.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Oneida Financial
shareholders will receive only 0.5635 of a share of Community Bank
stock or $20.00 in cash for each
share of Oneida Financial stock they own. The investigation
concerns whether the Board of Oneida Financial breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Community Bank is underpaying for Oneida Financial. The transaction
may undervalue Oneida Financial given the Company's significant
insurance, benefits administration, and wealth management
businesses. Currently, Oneida Financial is in a strong financial
position with total assets of approximately $800 million, deposits of $690 million, and 12 banking offices across
Madison and Oneida counties.
If you own shares of Oneida Financial and wish to discuss the
legal ramifications of the investigation, 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 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/903-onfc-oneida-financial-corp.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC