NASDAQ GM
OSHC

Ocean Shore Holding Co.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Ocean Shore Holding Co. (NASDAQ GM: OSHC) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Ocean Shore Holding Co. (“Ocean Shore” or the “Company”) (NASDAQ GM: OSHC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by OceanFirst Financial Corp. (“OceanFirst”) (NASDAQ GS: OCFC), in a transaction valued at approximately $145.6 million.

Under the terms of the agreement, shareholders of Ocean Shore will receive $4.35 in cash and 0.9667 shares of OceanFirst for each share of Ocean Shore they own.  Based on OceanFirst’s closing stock price on July 12, 2016, Ocean Shore shareholders would have received compensation valued at approximately $22.47 per share.

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

If you own the common stock of Ocean Shore and purchased your shares before July 13, 2016, 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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