SHAREHOLDER ALERT: Investigation of Medallion Financial Corporation Announced by Holzer & Holzer, LLC

Atlanta, Georgia--(Newsfile Corp. - December 30, 2021) - Holzer & Holzer, LLC is investigating whether Medallion Financial Corporation ("Medallion" or the "Company") (NASDAQ: MFIN) complied with federal securities laws. On December 29, 2021, the Securities and Exchange Commission ("SEC") charged Medallion and its COO Andrew Murstein ("Murstein") with illegally engaging in a scheme to reverse the Company's declining stock price. Charges against Murstein and Medallion include violations of the antifraud, books and records, internal controls, and anti-touting provisions of the federal securities laws. Murstein also has been charged with making false statements to Medallion's auditor. Following this news, the Company's stock price fell.

If you purchased Medallion stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

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