Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Astoria Financial Corporation ("Astoria" or "the Company") (NYSE: AF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to New York Bancorp.

Click here to learn more about the investigation, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Astoria shareholders will receive only 1.00 shares of New York Community Bancorp and $0.50 in cash for each share of Astoria stock they own. The transaction values Astoria at only approximately $16.47 per share. The investigation concerns whether the Board of Astoria breached their fiduciary duties to shareholders and whether New York Bancorp is underpaying for Astoria. The transaction may undervalue Astoria and will result in a loss for many Astoria shareholders. For example, an analyst has set a price target for Astoria stock at $20.00 per share and Astoria stock has traded at $17.90 per share on October 28, 2015.

If you own shares of Astoria stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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