CHICAGO -- (Business Wire)
Marcus & Boxerman announces that a securities class action lawsuit has
been filed in the USDC for the Southern District of New York against
Fifth Street Finance Corp.(“Fifth Street” or the “Company”)
(NASDAQ: FSC).
If you purchased or otherwise acquired Fifth Street securities between
July 7, 2014 and February 6, 2015, you have until November 30, 2015, to
file a motion to be appointed lead plaintiff.
To participate in this class action lawsuit, please contact Michael
Boxerman, Esquire, of Marcus & Boxerman, at 312-216-2730, or via email
at mboxerman@marcusboxerman.com.
According to the complaint, 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/20151124006377/en/
Contacts:
Marcus & Boxerman
Michael Boxerman, Esq., 312-216-2730
Facsimile:
312-216-2720
mboxerman@marcusboxerman.com
Source: Marcus & Boxerman
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