An investigation for investors in Medley Management Inc (NYSE:MDLY) shares over potential securities laws violations by Medley Management was announced and NYSE:MDLY stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/25/2015 -- An investigation for investors of Medley Management Inc (NYSE:MDLY) shares over potential securities laws violations by Medley Management and certain of its directors and officers in was announced.
Investors who purchased shares of Medley Management Inc (NYSE:MDLY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by Medley Management regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 30, 2014, New York State's superintendent of the Department of Financial Services, Benjamin Lawsky, sent a subpoena to to one of Medley Management Inc. managed funds, Medley Opportunity Fund II of Medley Management Inc. The subpoena was sent in connection with an investigation into the subsidiary's ties to payday lending.
On March 30, 2015, Medley Management Inc announced its fourth quarter and full year 2014 results. Medley Management Inc reported that its annual Total Revenue rose from $43.87 million in 2013 to $72.17 milion in 2014 while its respective Net Income declind from $23.64 million to $1.7 million.
Shares of Medley Management Inc (NYSE:MDLY) declined from $16.92 per share in October 2014 to as low as $5.86 per share on August 12, 2015.
On August 24, 2015, NYSE:MDLY shares closed at $7.70 per share.
Those who purchased shares of Medley Management Inc (NYSE:MDLY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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