LOS ANGELES, CA / ACCESSWIRE / December 31, 2021 / Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors from Medallion Financial Corp. (“Medallion” or “the Company”) (NASDAQ: MFIN) for violating securities laws.
The investigation focuses on whether the Company has made false and / or misleading statements and / or failed to disclose relevant information to investors. Medallion is the subject of a complaint filed by the SEC on December 29, 2021, before market hours. According to the complaint, the company and two of its executives attempted to reverse the fall in its stock price by engaging in various ploys. The SEC alleges that the company and certain executives violated various provisions of federal law, including anti-fraud, books and records, internal controls and anti-whistleblowing rules. Based on this news, Medallion shares fell more than 21% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com , or by email at [email protected]
The class in this case has not yet been certified, and until certification occurs, you are not represented by counsel. If you choose not to take any action, you can remain an absent member of the group.
Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
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