1. Ademi LLP investigates FFIC for possible fiduciary duty breaches. 2. FFIC's transaction with OceanFirst values at $579 million. 3. Transaction imposes penalties for competing bids against FFIC. 4. Flushing insiders to receive substantial benefits from the agreement.
FAQ
Why Bearish?
The investigation suggests potential governance issues, which historically lead to stock price declines.
How important is it?
Investigations like this typically diminish investor confidence and can depress stock prices.
Why Short Term?
Immediate media coverage and investor sentiment may affect FFIC's stock price quickly.
Related Companies
MILWAUKEE, Dec. 30, 2025 /PRNewswire/ -- Ademi LLP is investigating Flushing (NASDAQ:FFIC) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with OceanFirst.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, Flushing stockholders will be entitled to receive 0.85x of a share of OceanFirst common stock for each share of Flushing common stock. Based on OceanFirst's closing stock price on December 26, 2025 of $19.76, the transaction is valued at $579 million Flushing insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Flushing by imposing a significant penalty if Flushing accepts a competing bid. We are investigating the conduct of the Flushing board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP