Ex-Pamrapo Chief Fires Off Suit Over BCB Deal

Law360, New York (December 9, 2009, 6:07 PM EST) -- The former president and CEO of a subsidiary of Pamrapo Bancorp Inc. has accused the directors of the savings and loan holding company of breaching their fiduciary duties to shareholders through the company’s agreement to merge into BCB Bancorp Inc.

William J. Campbell, Pamrapo’s largest shareholder who headed up Pamrapo Savings Bank SLA for decades until retiring in February, filed a complaint in New Jersey Superior Court on Dec. 2 against Pamrapo, the bank and its directors for allegedly withholding material information related to the merger...
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