SAN DIEGO & RIVERHEAD, N.Y.–(BUSINESS WIRE)–Shareholder rights law firm Robbins Arroyo LLP announcesthat a class action lawsuit has been filed against Suffolk Bancorp(NYSE: SCNB) in the Supreme Court for the State of New York, County ofSuffolk. The complaint is brought on behalf of shareholders of Suffolkfor alleged breaches of fiduciary duties in connection with theacquisition of the company by People’s United Financial, Inc. (the”Proposed Transaction”). The complaint alleges that Suffolk officialsbreached their fiduciary duties by: agreeing to the Proposed Transactionfor grossly inadequate consideration; failing to maximize the value ofSuffolk to its public stockholders; avoiding competitive bidding; andimproperly putting their personal interests ahead of Suffolk’s publicstockholders. Suffolk operates as a bank holding company for SuffolkCounty National Bank, which provides commercial and retail bankingservices.

View this press release on the law firm’s Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/suffolk-bancorp-aug-2016

Concerned shareholders who would like more information about theirrights and potential remedies can contact attorney Darnell R. Donahue at(800) 350-6003, [email protected],or via the shareholderinformation form on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholderrights law. The firm represents individual and institutional investorsin shareholder derivative and securities class action lawsuits, and hashelped its clients realize more than $1 billion of value for themselvesand the companies in which they have invested.

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