GPM Announces Investigation of Medley Management Inc.

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) announces that it is investigating potential claims on behalf of investors of Medley Management Inc. ("Medley" or the "Company") (NYSE: MDLY). The investigation concerns whether the Company violated federal securities laws by issuing allegedly misleading statements to investors regarding its payday lending business practices.

The Company completed its initial public offering (“IPO”) on September 23, 2014, and offered 6 million shares at a price of $18.00 per share, thereby raising $108,000,000 minus underwriting fees. Unbeknownst to investors, the Company was allegedly engaged in unethical and/or illegal business practices in connection with its payday lending business.

On December 30, 2014, New York State’s superintendent of the Department of Financial Services, Benjamin Lawsky, sent a subpoena to a subsidiary of Medley. The subpoena was sent in connection with an investigation into the subsidiary’s ties to payday lending. Since this news, the price of Medley securities has dropped nearly 50% below the $18 IPO price.

If you purchased Medley shares, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150814005027/en/

Glancy Prongay & Murray LLP, Los Angeles
Casey Sadler, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

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