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April 12, 2013
17:51 EDTHCBK, MTBHudson City, M&T Bank reach MOU with holders in lawsuit
In a regulatory filing, Hudson City Bancorp said that on April 12, Hudson City (HCBK) and M&T Bank (MTB) entered into a memorandum of understanding with plaintiffs regarding the settlement of putative class actions pending before the Delaware Court of Chancery and the Hudson City shareholder litigation pending before the Superior Court for the State of New Jersey. Hudson City, M&T, and the other defendants deny all of the allegations in the actions and believe the disclosures in the joint proxy statement are adequate under the law. Nevertheless, Hudson City, M&T, and the other defendants have agreed to settle the actions in order to avoid the costs, disruption, and distraction of further litigation.
News For HCBK;MTB From The Last 14 Days
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May 20, 2015
16:27 EDTHCBKHudson City Bancorp designates Francesco Rossi as Principal Accounting Officer
On May 19, the Board of Directors of Hudson City Bancorp designated Francesco Rossi, First Vice President, as the Company’s new principal accounting officer, effective immediately. Anthony J. Fabiano, who was promoted to President of the Company on September 16, 2014, previously served as the Company’s principal accounting officer.
May 8, 2015
11:45 EDTHCBKHudson City Bancorp confirms request for information from DOJ
In a regulatory filing, Hudson City Bancorp said, "In the first quarter of 2015, we received a request for information from the U.S. Department of Justice requesting documentation and other information relating to the Bank’s residential mortgage lending practices in certain geographic areas. We understand this inquiry is at a preliminary stage and the DOJ is investigating our compliance with various fair lending laws, including the Equal Credit Opportunity Act and the Fair Housing Act. We are cooperating fully with this inquiry, however, we cannot predict when this investigation will be resolved, the outcome or its impact on the Company and the Bank. An adverse outcome could include the commencement of civil proceedings, fines, penalties and/or other actions. In addition, resolution of this investigation could involve the imposition of additional and costly compliance obligations. Any such outcome or actions could have a material adverse effect on our results of operations."

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