SHAREHOLDER NOTICE: Marcus & Boxerman Announces an Ongoing Investigation of Fifth Street Finance Corp. & Encourages Investors...
November 23 2015 - 5:00AM
Business Wire
Marcus & Boxerman announces that it is investigating claims
of potential misrepresentations by Fifth Street Finance Corp.
(“Fifth Street” or the “Company”) (NASDAQ: FSC). The investigation
focuses on whether the Company and its officers violated securities
laws by issuing misleading information to investors.
To join this class action lawsuit, please contact Michael
Boxerman, Esquire, of Marcus & Boxerman, at 312-216-2730, or
via e-mail at mboxerman@marcusboxerman.com.
The investigation will focus on whether the Company was 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: (a) pushing Fifth Street Finance Corp.
into increasingly risky investments at unsustainable leverage
levels; (b) delaying the write down of impaired investments to
create the appearance of increasing revenues for Fifth Street Asset
Management; and (c) 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.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151123005435/en/
Marcus & BoxermanMichael Boxerman, Esq.,
312-216-2730mboxerman@marcusboxerman.comFacsimile: 312-216-2720
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