INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Fifth Street Asset Management Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--()--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Fifth Street Asset Management Inc. (“Fifth Street” or the “Company”) (Nasdaq: FSAM). Investors who purchased pursuant to Fifth Street’s October 30, 2014 initial public offering (the “IPO”), are encouraged to contact the firm in advance of the March 7, 2016, lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 708, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the complaint, the Company failed to disclose that: (1) Fifth Street had $4.2 billion in assets under management from an affiliated company, Fifth Street Finance Corp. (“FSC”), as of June 30, 2014, when in fact a material portion of FSC’s portfolio was impaired and should have been placed on non-accrual prior to the IPO; and (2) the Company’s “strong growth in assets under management” and “outstanding investor performance” was fueled in part by delaying the write down of impaired investments in Fifth Street’s portfolio.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
info@goldberglawpc.com

Contacts

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
info@goldberglawpc.com