NEW YORK, January 6, 2022 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors from Medallion Financial Corp. (“Medallion” or the “Company”) (NASDAQ: MFIN). These investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The purpose of the investigation is to determine whether Medallion and any of its officers and / or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
At December 29, 2021, the United States Securities and Exchange Commission (“SEC”) filed a complaint alleging that Medallion and certain of its executives had engaged in an illegal scheme to reverse the decline in the company’s stock price . Charges against the SEC’s complaint include violations of anti-fraud laws, books and records, internal controls, and anti-tapping provisions of federal securities laws.
On this news, Medallion’s share price fell $ 1.78 per share, or 21.07%, to close at $ 6.67 per share on December 29, 2021.
The Pomerantz firm, with offices in New York, Chicago, Los Angeles, and Paris is recognized as one of the leading firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class actions bar, Pomerantz was a pioneer in the field of class actions in securities. Today, more than 80 years later, Pomerantz continues the tradition it established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and professional misconduct. The firm has recovered numerous multi-million dollar damages on behalf of the members of the group. See www.pomerantzlaw.com
Robert S. Willoughby
888-476-6529 ext 7980
SOURCE Pomerantz LLP