NEW YORK--(BUSINESS WIRE)--Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, has commenced an investigation into Medley Management (NYSE:MDLY) (“Medley” or the “Company”) related to potential violations of federal securities laws. If you are a Medley shareholder, you are encouraged to contact Scott+Scott for additional information.
Medley (NYSE:MDLY) is an asset management firm with approximately $3.3 billion in assets under management.
On September 23, 2014, Medley launched its Initial Public Offering (“IPO”) by offering 6,000,000 shares of its Class A common stock at $18.00 per share.
On December 30, 2014, New York State’s superintendent of the Department of Financial Services, Benjamin Lawsky, sent a subpoena to a subsidiary of Medley. The subpoena was sent in connection with an investigation into the subsidiary’s ties to payday lending. Since this news, the price of Medley securities has dropped to $9.31 per share, over 48% below the $18 IPO price.
What You Can Do
If you are a Medley shareholder who has purchased shares in connection with the IPO and you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joseph Halloran at 646-582-0121 or via email at firstname.lastname@example.org.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.