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Case Status:    ONGOING    
On or around 09/23/2020 (Date of last review)

Filing Date: September 23, 2020

According to the Complaint, Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered community commercial bank that was founded in 1864. Dime Community Bank is headquartered in Brooklyn, New York and operates twenty-eight banking offices located throughout Brooklyn, Queens, the Bronx, Nassau, and Suffolk Counties, New York.

This action stems from a proposed transaction announced on July 1, 2020, pursuant to which Dime Community Bancshares, Inc. will be acquired by Bridge Bancorp, Inc.

On July 1, 2020, Dime’s Board of Directors caused the Company to enter into an agreement and plan of merger with Bridge. Pursuant to the terms of the Merger Agreement, Dime’s stockholders will receive 0.648 shares of Bridge common stock for each share of Dime common stock they own.

On September 14, 2020, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

COMPANY INFORMATION:

Sector: Financial
Industry: Regional Banks
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DCOM
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 20-CV-01279
JUDGE: Hon. Richard G. Andrews
DATE FILED: 09/23/2020
CLASS PERIOD START: 07/01/2020
CLASS PERIOD END: 09/23/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available