Suffolk Bancorp

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Suffolk Bancorp (NYSE: SCNB) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Suffolk Bancorp (“Suffolk” or the “Company”) (NYSE: SCNB) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by People’s United Financial, Inc. (“People’s United”) (NASDAQ GS: PBCT), in a transaction valued at approximately $402 million.

Under the terms of the agreement, shareholders of Suffolk will receive 2.225 shares of People’s United common stock for each share of Suffolk common stock they own.  Based on People’s United’s closing stock price on June 24, 2016, Suffolk shareholders would have received compensation valued at approximately $33.55 per share.

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

If you own the common stock of Suffolk and purchased your shares before June 27, 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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