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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Coastway Bancorp, Inc. (“Coastway” or the “Company”) (NASDAQ: CWAY) to HarborOne Bancorp, Inc. (NASDAQGS: HONE) for $28.25 per share.
The investigation concerns whether the Board of Coastway Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether HarborOne is underpaying for Coastway Bancorp shares, thus unlawfully harming Coastway Bancorp shareholders.
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