(MFIN) News: Did You Lose Money on Your Medallion Stock? Contact Johnson Fistel Regarding Class Action Investigation

January 22, 2022 10:44 AM EST | Source: Johnson Fistel, LLP

San Diego, California--(Newsfile Corp. - January 22, 2022) - Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Medallion Financial Corp. ("Medallion" or "the Company") (NASDAQ: MFIN).

On December 29, 2021, it was reported that the U.S. Securities and Exchange Commission charged Medallion President and Chief Operating Officer Andrew Murstein with allegedly engaging in fraudulent schemes to boost the Company's stock price. Specifically, he had "engaged in illegal touting by paying Ichabod's Cranium and others to place positive stories about the company on various websites, including Huffington Post, Seeking Alpha, and TheStreet.com."

Following this news, Medallion stock was trading down over 50% in pre-market trading on December 29, 2021.

If you have information that could assist in this investigation, including past employees and others, or a Medallion shareholder interested in learning more about the investigation, please contact Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

[Click here to join this action]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111229

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