According to the Complaint, Clifton Bancorp, Inc., d/b/a Clifton Savings Bank, is a metropolitan, community-focused bank serving residents and businesses in its market area through 12 full-service banking centers.

This action stems from a Proposed Transaction announced on November 1, 2017, pursuant to which Clifton Bancorp Inc. will be acquired by Kearny Financial Corp. On January 23, 2018, Defendants filed a definitive Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading. Accordingly, Plaintiff alleges herein that defendants violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 in connection with the Proxy Statement.

This case was voluntarily dismissed on March 9, 2018.