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Hudson City Investors Lose Cert. In $3.7B M&T Merger Suit

By Katryna Perera ( February 8, 2024, 10:35 PM EST) -- A proposed investor class can't be certified in a suit alleging M&T Bank Corp. and Hudson City Bancorp Inc. hid regulatory problems that led to a yearslong delay of their $3.7 billion merger over a decade ago, a federal judge said after finding his previous order to certify the class "clearly erred in applying the Third Circuit's legal standard."...

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