Harwood Feffer LLP Announces Investigation of Oneida Financial Corp.

Apr 3, 2015

NEW YORK, April 3, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Oneida Financial Corp. ("Oneida" or the "Company") (NASDAQ: ONFC) concerning the proposed acquisition of the Company by Community Bank System, Inc. ("Community Bank").      

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Under the terms of the transaction, Community Bank would purchase Oneida in a cash and stock transaction.  Oneida shareholders would receive the election of either $20 per share in cash or 0.5635 shares of Community Bank per share of Oneida owned. 

Our investigation concerns whether the Oneida board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Oneida shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP