SHAREHOLDER ALERT: WeissLaw LLP Investigates Prudential Bancorp, Inc.

NEW YORK, March 4, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Prudential Bancorp, Inc. ("Prudential" or the "Company") (NASDAQ: PBIP) in connection with the proposed merger of the Company with Fulton Financial Corporation ("Fulton") (NASDAQ: FULT).  Under the terms of the merger agreement, Prudential shareholders will receive 0.7974 shares of Fulton common stock and $3.65 in cash for each Prudential share they own, representing implied per share merger consideration of approximately $17.56 based upon Fulton's March 4, 2022 closing price of $17.44.

If you own Prudential shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/pbip
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7^th Floor
New York, NY  10007
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw LLP is investigating whether (i) Prudential's board acted in the best interest of Prudential's stockholders in agreeing to the proposed transaction, (ii) the merger consideration is fair to the Company's stockholders, and (iii) all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Prudential's stockholders.  

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]  

SOURCE WeissLaw LLP