Medallion Financial Corp.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
On December 29, 2021, the U.S. Securities and Exchange Commission (“SEC”) filed a complaint alleging that Medallion and certain of its corporate officers had engaged in an unlawful scheme in an effort to reverse the Company’s declining stock price. In a complaint filed on Wednesday in Manhattan federal court, the SEC said Medallion and President Andrew Murstein paid a California media strategist to anonymously promote Medallion on websites including Huffington Post, Seeking Alpha, TheStreet.com and Crain’s New York Business.
On this news, Medallion’s stock price fell $1.78 per share, or 21.07%, to close at $6.67 per share on December 29, 2021.