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Asset Manager Says Lowenstein Advice Led To SEC Scrutiny

Asset manager Medley Management Inc. Friday accused Lowenstein Sandler LLP of professional malpractice, saying among other things its attorneys offered advice that was called into question by a regulator that fined the investment management firm and its former CEOs $10 million this week.

North American Morning Briefing: Retail Sales -3-

North American Morning Briefing: Retail Sales -3-
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North American Morning Briefing: Stock Futures -3-

North American Morning Briefing: Stock Futures -3-
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NYSE to Suspend Trading Immediately in Medley Management Inc (MDLY) and Medley LLC (MDLQ and MDLX) and Commence Delisting Proceedings

NYSE to Suspend Trading Immediately in Medley Management Inc. (MDLY) and Medley LLC (MDLQ and MDLX) and Commence Delisting Proceedings 07/07/2021 | 05:16pm EDT Send by mail : Message : Required fields The New York Stock Exchange (“NYSE,” the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the issuers listed below (“Issuers”) from the Exchange. Trading in the Issuers’ securities was suspended on July 7, 2021. Issuer Medley LLC (“LLC”) 7.25% Notes due 2024 NYSE Regulation reached its decision that the Issuers are no longer suitable for listing pursuant to Listed Company Manual Section 802.01D in light of the uncertainty as to the ultimate effect of the LLC’s bankruptcy reorganization process on the value of the securities of both MDLY and the LLC. The LLC had filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delawa

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