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MDC Partners (MDCA) trading halted on LUDP

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Jefferies Raises Price Target on MDC Partners (MDCA) Following Announcement Surrounding SEC Investigation

November 10, 2016 8:51 AM EST

Jefferies reiterated a Hold rating on MDC Partners (NASDAQ: MDCA), and raised the price target to $4.00 (from $3.50), after management announced that it had reached an "agreement in principle" to resolve the ongoing SEC investigation.

Analyst John Janedis commented, "MDCA mgmt... More

MDC Partners (MDCA) Halted on LUDP

November 9, 2016 1:02 PM EST

MDC Partners (NASDAQ: MDCA) Halted on LUDP

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MDC Partners (MDCA) Reaches Agreement in Principle with SEC Over Ongoing Investigation

November 9, 2016 1:02 PM EST

MDC Partners Inc. (Nasdaq: MDCA) announced that it has reached an agreement in principle to resolve the ongoing investigation by the Securities and Exchange Commission (the "SEC"). The SEC Commissioners must still approve the proposed framework agreement, which was reached with the Philadelphia Regional Office of the SEC, and therefore the terms are not final.

The Company first announced the SEC investigation on April 27, 2015, as well as subsequent actions taken as part of an internal investigation, including the resignation by Miles Nadal, the... More