SHAREHOLDER ALERT: Law firm Pomerantz is investigating claims on behalf of investors Medallion Financial Corp.
NEW YORK, January 17, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of Medallion Financial Corp. investors. (“Medallion” or the “Company”) (NASDAQ: MFIN). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529 ext. 7980.
The investigation focuses on whether Medallion and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
At December 29, 2021, the United States Securities and Exchange Commission (“SEC”) has filed a complaint alleging that Medallion and certain of its executives engaged in an illegal scheme to reverse the decline in the company’s stock price . The charges against the SEC include violations of anti-fraud, books and records, internal controls, and anti-soliciting provisions of federal securities laws.
At this news, Medallion stock price plummeted. $1.78 per share, or 21.07%, to close at $6.67 per share on December 29, 2021.
The firm Pomerantz, with offices in New York, Chicago, Los Angeles, and Paris is recognized as one of the leading firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 80 years later, the Pomerantz Company continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP