#United States #Milwaukee #Fulton Financial #Ademi Firm #Blue Foundry

Shareholder Alert: Investigation of Blue Foundry Bancorp

MILWAUKEE, Nov. 24, 2025 – The Ademi Firm has launched an investigation into Blue Foundry Bancorp (NASDAQ: BLFY) to assess potential breaches of fiduciary duty and other legal violations related to its recent agreement with Fulton Financial. This scrutiny raises important concerns for public shareholders regarding the fairness of the transaction.

In the proposed deal, shareholders of Blue Foundry will receive 0.6500 shares of Fulton common stock for each share they own, which, based on Fulton's share price of $17.96 as of November 21, 2025, values Blue Foundry at approximately $11.67 per share. However, there are troubling aspects of the transaction that have prompted an inquiry from the Ademi Firm.

One key issue is the substantial benefits that insiders of Blue Foundry are set to enjoy as part of the change of control arrangements. Such arrangements raise questions about the potential conflicts of interest faced by the Board of Directors. Moreover, the transaction agreement reportedly imposes significant restrictions on competing bids for Blue Foundry, penalizing the company if it entertains alternatives. This measure could have serious implications for shareholder interests.

The investigation will evaluate whether the Board of Directors is adequately fulfilling its fiduciary responsibilities to all shareholders, ensuring that the best possible outcome is being pursued and that shareholder rights are being upheld throughout this process.

The Ademi Firm is known for its focus on shareholder litigation, particularly in cases involving mergers, buyouts, and breaches of shareholder rights. Investors affected by this situation are encouraged to get in touch with the firm for further assistance and to ascertain their legal options when it comes to protecting their investments.

This investigation comes at a critical time, as market dynamics constantly evolve and investors need assurance that their rights are safeguarded amid potential corporate changes. Investors wishing to join the investigation or obtain more information can contact the Ademi Firm directly at their toll-free number.

As further developments surface, it remains essential for shareholders to monitor the situation closely, ensuring they are well-informed and prepared to take necessary actions in response to the findings of the investigation.

For more inquiries, contact Ademi Fruchter LLP. Attorney advertising and prior results do not guarantee similar outcomes.