ZimCal Demands Medallion Financial Corp Board Protect Stakeholders in SEC Lawsuit
Medallion Financial (MFIN) GlobeNewswire News Room·2025-01-06 21:00
Defendants’, Medallion and Andrew Murstein, motion to dismiss was almost completely denied.Medallion stockholders continue to be exposed to substantial potential financial penalties and have funded millions in legal bills for Murstein’s defense.Facing an increasingly perilous situation, defendants have agreed to a “settlement in principle”.ZimCal demands that Medallion’s board make important governance changes to protect stakeholders.ZimCal demands Medallion’s board exercise clawback authority to boost capi ...