STOCK ALERT: Rosen Law Firm Reminds Fifth Street Finance Corp. Investors of Important November 30, 2015 Deadline in Class Act...
November 20 2015 - 5:31PM
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of Fifth Street Finance Corp. (NASDAQ:FSC) common stock
from July 7, 2014 through February 6, 2015, all dates inclusive
(the “Class Period”) of the important November 10, 2015 lead
plaintiff deadline in the class action. The lawsuit seeks to
recover damages for Fifth Street Finance Corp. investors under the
federal securities laws.
To join the Fifth Street Finance Corp. class action, go to the
firm’s website at http://www.rosenlegal.com/cases-734.html or call
Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or
email pkim@rosenlegal.com or kchan@rosenlegal.com for information
on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
Fifth Street Finance Corp. is a specialty finance company
managed by Fifth Street Asset Management, Inc. According to the
lawsuit, defendants throughout the Class Period engaged in a
fraudulent scheme to artificially inflate Fifth Street Finance
Corp.’s assets and investment income to increase Fifth Street Asset
Management’s revenue by: (1) pushing Fifth Street Finance Corp.
into increasingly risky investments at unsustainable leverage
levels; (2) delaying the write down of impaired investments to
create the appearance of increasing revenues for Fifth Street Asset
Management; and (3) systematically overstating the income generated
by Fifth Street Finance Corp.’s investments and the fair value of
its portfolio, while simultaneously providing the investing public
with false and misleading portrayals of Fifth Street Finance
Corp.’s business trends and expected performance. When the true
details entered the market, the lawsuit claims that investors
suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
November 30, 2015. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-734.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation. Attorney Advertising.
Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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