August 10, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Medley Management Inc (NYSE:MDLY) shares over potential securities laws violations by Medley Management and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Medley Management Inc (NYSE:MDLY) concerning whether a series of statements by Medley Management regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

New York based Medley Management Inc. is an asset management company. On September 23, 2014, Medley Management Inc launched its Initial Public Offering (IPO) by offering 6,000,000 shares of its Class A common stock at $18.00 per share.

On December 30, 2014, New York States superintendent of the Department of Financial Services, Benjamin Lawsky, sent a subpoena to to one of Medley Management Inc. managed funds, Medley Opportunity Fund II of Medley Management Inc. The subpoena was sent in connection with an investigation into the subsidiarys ties to payday lending.

On March 30, 2015, Medley Management Inc announced its fourth quarter and full year 2014 results. Medley Management Inc reported that its annual Total Revenue rose from $43.87 million in 2013 to $72.17 milion in 2014 while its respective Net Income declind from $23.64 million to $1.7 million. Shares of Medley Management Inc (NYSE:MDLY) declined from $16.92 per share in October 2014 to as low as $8.85 per share on July 27, 2015.