NEW YORK, June 20, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Coastway Bancorp, Inc. (“Coastway” or the “Company”) (NASDAQ:CWAY) common stock in connection with the proposed acquisition of Coastway by HarborOne Bancorp, Inc. and its affiliate (“HarborOne”) announced on March 14, 2018 (the “Complaint”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/cway.

On March 14, 2018, Coastway entered into an agreement and plan of merger (the “Merger Agreement”) with HarborOne.  According to the Merger Agreement terms, Coastway investors will receive $28.25 in cash for each share of Coastway stock they own (the “Proposed Transaction”).

The Complaint alleges in part, that in attempt to secure investor support for the Proposed Transaction, defendants issued materially incomplete disclosures in a proxy statement (the “Proxy Statement”) filed with the United States Securities and Exchange Commission and specifically failed to disclose Coastway’s financial projections, the analyses performed by Coastway’s financial advisor, and potential conflicts of interest. 

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/cway  or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Coastway you have until August 13, 2018 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com