NEW YORK, Aug. 24, 2015 /PRNewswire/ -- Levi & Korsinsky has commenced an investigation into whether Medley Management Inc. (NYSE: MDLY) and certain of its officers and/or directors have violated federal securities laws. On September 23, 2014, Medley launched its Initial Public Offering of 6,000,000 shares of Class A common stock at $18.00 per share. Then on December 30, 2014, New York State's superintendent of the Department of Financial Services, Benjamin Lawsky, sent a subpoena to a Medley subsidiary in connection with an investigation into the subsidiary's ties to payday lending. Shares of Medley closed, most recently, at just $9.12 per share. To obtain additional information about this investigation, go to:
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Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
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