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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Oritani Financial Corp. to Valley National Bancorp is Fair to Shareholders

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NEW YORK, June 26, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Oritani Financial Corp. ("Oritani" or the "Company") (NASDAQ:ORIT) stock prior to June 26, 2019.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Oritani to Valley National Bancorp ("Valley National") (NASDAQ:VLY). Under the terms of the deal, common shareholders of Oritani will receive 1.60 shares of Valley National common stock for each Oritani share they own. To learn more about the action and your rights, go to:

https://www.zlk.com/mna/oritani-financial-corp

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Oritani merger investigation concerns whether the Board of Oritani breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Valley National is underpaying for Oritani shares, thus unlawfully harming Oritani shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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