NEW YORK, Nov. 23, 2015 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds
investors that a securities class actionlawsuit has been filed
against Fifth Street Finance Corp., Fifth Street Asset Management,
Inc. ("FSC" or the "Company") (NASDAQ:FSC), ("FSAM" or the
"Company") (NASDAQ:FSAM) and certain of its officers. The
class action, filed in United States District Court, Southern
District of New York, is on behalf
of a class consisting of all persons or entities who purchased FSC
and FSAM securities between July 7,
2014 and February 6, 2015
inclusive (the "Class Period").
The Complaint alleges that throughout the Class Period,
defendants engaged in a fraudulent scheme and course of business
designed to artificially inflate FSC's assets and investment income
in order to increase FSAM's revenue. Specifically, defendants
pushed FSC into increasingly risky, speculative investments at
unsustainable leverage levels, delayed writing down impaired
investments in order to create the appearance of increasing
revenues for FSAM, and systematically overstated the income
generated by FSC's investments and the fair value of its portfolio,
while simultaneously providing investors and the market with false
and misleading portrayals of FSC's business trends and expected
performance.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. If you suffered a loss in FSC or FSAM
you have until November 30, 2015, to
request that the Court appoint you as lead plaintiff. Your ability
to share in any recovery doesn't require that you serve as a lead
plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC