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OCFC > SEC Filings for OCFC > Form 8-K on 22-Jun-2009All Recent SEC Filings

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Form 8-K for OCEANFIRST FINANCIAL CORP


22-Jun-2009

Other Events


Item 8.01. Other Events.

OceanFirst Financial Corp. (the "Company") recently became aware that a purported class action complaint had been filed on June 8, 2009 in the Superior Court of New Jersey in Ocean County against the Company, Central Jersey Bancorp, ("Central Jersey") and each director of Central Jersey.

The action was brought by Anthony Perillo, an alleged shareholder of Central Jersey, on behalf of himself and all others similarly situated. The complaint alleges, among other things, that the directors of Central Jersey are in breach of their fiduciary duties to Central Jersey shareholders in connection with Central Jersey's entry into an agreement and plan of merger with the Company (the "Agreement"). The complaint also alleges that the Company knowingly assisted the Central Jersey directors' breaches of fiduciary duty in connection with the proposed merger.

The complaint seeks, among other things, injunctive relief to enjoin the Company from consummating the transactions contemplated under the Agreement, along with attorneys' fees and costs.

The Company believes that the allegations in the complaint are without merit and intends to vigorously defend against the claims and causes of action asserted in this legal matter.


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