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Investigating Potential Shareholder Rights Violations

Halper Sadeh LLC, a prominent law firm focused on investor rights, is currently conducting inquiries into several companies, namely FONAR Corporation, OceanFirst Financial Corp., and Flushing Financial Corp. This investigation revolves around potential infringements on federal securities laws and possible breaches of fiduciary duties owed to shareholders.

FONAR Corporation (NASDAQ: FONR)

The law firm's investigation into FONAR Corporation stems from the company's recent sale to affiliates of its CEO, Timothy Damadian, as well as several executives and directors. The sale was executed at the price of $19.00 per share for Class B common stock and $6.34 per share for Class C common stock. This transaction raises concerns about whether the shareholders received fair value for their investments. If you hold shares in FONAR, it is crucial to evaluate your legal rights regarding this deal, as there might be significant implications on your investment.

OceanFirst Financial Corp. (NASDAQ: OCFC)

OceanFirst Financial Corp. is under scrutiny following its proposed merger with Flushing Financial Corp. Upon the conclusion of this merger, OceanFirst shareholders are anticipated to own about 58% of the newly formed entity. This merger is significant for shareholders as the strategic alignment and combined resources may impact their rights and returns. Those holding shares of OceanFirst should actively assess how this merger may influence their standing in the evolving corporate landscape.

Flushing Financial Corp. (NASDAQ: FFIC)

In parallel, Flushing Financial Corp.'s potential sale to OceanFirst Financial Corp. is another focal point of the investigation. Under the terms of the agreement, Flushing shareholders are set to receive 0.85 shares of OceanFirst common stock for each share of Flushing stock held. This ratio must be critically evaluated by the shareholders to ensure that their interests are adequately safeguarded during this transition.

Why Act Now?

Halper Sadeh LLC underscores the urgency of taking action. Shareholders may find that the window to enforce their rights is limited, making timely consultations essential. The firm is committed to advocating for shareholders' rights, potentially targeting increased compensation, additional disclosures, or other appropriate remedies. Importantly, shareholders are encouraged to reach out to Halper Sadeh at no upfront cost, as the firm operates on a contingent fee basis. This means that you won’t incur out-of-pocket expenses for legal fees unless a favorable outcome is achieved.

Contact Information

If you are a shareholder of FONAR, OceanFirst, or Flushing, you should take advantage of this opportunity to speak with legal professionals who are dedicated to protecting your financial interests. You can contact Daniel Sadeh or Zachary Halper at (212) 763-0060, or send an email to [email protected] or [email protected]

It is imperative for investors to remain vigilant and proactive regarding their rights, especially when corporate actions may profoundly affect their financial outcomes. With the expert guidance of Halper Sadeh LLC, shareholders can navigate these complex situations more effectively, ensuring that their voices are heard and their investments protected.