Roy Jacobs & Associates Investigating Hudson City Bancorp, Inc. for Possible Legal Violations (“HCBK”)

NEW YORK--(BUSINESS WIRE)-- Roy Jacobs & Associates announces that it is investigating possible claims relating to the alleged violation of federal or state laws on behalf of purchasers of the common stock of Hudson City Bancorp, Inc. (NASDAQ-GS: HCBK)

If you hold these shares, please contact Roy L. Jacobs, Esq. toll-free at 1-888-884-4490 or by e-mail to [email protected].

Hudson City Bancorp faces a U.S. government investigation into discriminatory lending practices, according to press reports, posing a potential new hurdle in the bank’s long-delayed sale to M&T Bank Corp.

The Justice Department and Consumer Financial Protection Bureau are examining whether 147-year-old Hudson City violated the Fair Housing Act, the reports said. They further said that a preliminary CFPB review concluded that the firm denied loans to people in minority communities, including those in the New York area.

It is possible that Hudson City’s Board of Directors has been derelict in its duties, and that its members are subject to an action for breach of fiduciary duty, which could lead to damages and/or an order requiring them to adopt needed corporate reforms.

If you are a longer term Hudson City investor, and you are interested in discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs will be glad to personally speak with you.

ROY JACOBS & ASSOCIATES
Roy L. Jacobs, Esq., 1-888-884-4490
[email protected]

Source: Roy Jacobs & Associates

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