BALA CYNWYD, Pa., Feb. 5, 2016 /PRNewswire/ -- Law Office of Brodsky & Smith, LLC announces an investigation of Fifth Street Management Inc. ("FSAM" or the "Company") (Nasdaq -FSAM- News) for potential violations of federal securities laws and breaches of the FSAM Board's fiduciary duties.
Click here to learn more about the investigation http://brodsky-smith.com/1037-fsam-fifth-street-management-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
The investigation concerns a securities class action lawsuit commenced in the United States District Court for the District of Connecticut. The complaint alleges that the Defendants made false and misleading statements and filed documents omitting information in connection with the Company's IPO. Specifically, the Complaint alleges that Fifth Street Finance Corp. ("FSC"), a publicly traded asset company under FSAM, announced that a substantial portion of its debt portfolio had entered non-accrual, including $4.2 billion it manages for FSAM. This has led to FSC being downgraded and having to reissue financials for three consecutive quarters. Consequently, the lawsuit claims that when the true details entered the market FSAM shareholders suffered damages.
If you purchased shares of FSAM common stock in connection with the Company's October 30, 2014 IPO, and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC before March 7 , 2016, who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/1037-fsam-fifth-street-management-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.
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