Harwood Feffer LLP Announces Investigation of Medley Management Inc.

Aug 18, 2015, 15:25 ET from Harwood Feffer LLP

NEW YORK, Aug. 18, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Medley Management Inc. ("Medley" or the "Company") (NYSE: MDLY), concerning whether the board has breached its fiduciary duties to shareholders.

On December 30, 2014, shortly after the Company went public in September, 2014, the New York Department of Financial Services ("NYDFS") sent subpoenas to one of Medley's subsidiaries, the Medley Opportunity Fund, in connection with the fund's investments in payday lenders.  Since news of the NYDFS investigation became public, the Medley's stock price dropped more than 50% from the date of Medley's IPO. 

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Medley shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email:  ="http://10.86.178.122:2011/Users/bsachsmichaels/Documents/C&D%20Technologies/bsachsmichaels@hfesq.com" rel="nofollow" target="_blank">bsachsmichaels@hfesq.com Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

 

SOURCE Harwood Feffer LLP



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