NEW YORK, Oct. 20, 2014 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of CMS Bancorp,
Inc. ("CMS Bancorp" or "the Company") (NASDAQCM: CMSB) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Putnam County Savings
Bank.
Click here to learn more about the investigation:
http://zlk.9nl.com/cms-bancorp-cmsb.
Under the terms of the transaction, CMS Bancorp shareholders
will receive $13.25 in cash for each
share of CMS Bancorp stock they own. The investigation concerns
whether the Board of CMS Bancorp breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Putnam County
Savings Bank is underpaying for CMS Bancorp shares. In accordance
with the terms of the agreement, CMS is not permitted to solicit
alternative acquisition proposals.
If you own CMS Bancorp common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://zlk.9nl.com/cms-bancorp-cmsb.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 28 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP