NYSE
HVB

Hudson Valley Holding Corp.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Hudson Valley Holding Corp. (NYSE: HVB) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Hudson Valley Holding Corp. (“Hudson Valley” or the “Company”) (NYSE: HVB) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Sterling Bancorp (“Sterling”) (NYSE: STL).

Under the terms of the agreement, shareholders of Hudson Valley will receive 1.92 shares of Sterling common stock for each share of Hudson Valley common stock.  Based on Sterling’s closing stock price on November 4, 2014, Hudson Valley shareholders would have received consideration valued at approximately $26.86 per share.

The investigation concerns whether Hudson Valley’s board of directors failed to adequately shop the Company and obtain the best possible value for Hudson Valley’s shareholders before entering into an agreement with Sterling.

If you own the common stock of Hudson Valley and purchased your shares before November 5, 2014, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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