Article: Clifton Savings Bancorp, Inc. Announces Trial Court's Decision on Lawrence Seidman's Litigation.

CLIFTON, N.J. -- Clifton Savings Bancorp, Inc. (Nasdaq-CSBK) announced that on October 31, 2007 the Chancery Division of the Superior Court of New Jersey issued an order dismissing three claims of corporate waste brought against Clifton Savings Bank, its holding companies and directors by Lawrence Seidman.

Seidman filed his first of seven Complaints against the Bank in January 2004. While the litigation against the Bank was pending in the Chancery Division of the Superior Court, Seidman also sued the Commissioner of Banking of the State of New Jersey to reverse her Intent to Approve the Bank's conversion to a public company. The Appellate Division dismissed that ...

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