December 03, 2015
Fifth Street Asset Management asked a Connecticut federal judge on Thursday to dismiss a putative shareholder class action accusing it of inflating assets held by a subsidiary to increase stock values ahead of an initial public offering or to move it to New York, where a similar suit is pending.
October 14, 2015
Fifth Street Asset Management Inc. inflated the assets of a subsidiary to collect larger fees and pump up stock values ahead of an initial public offering, according to a proposed shareholder class action filed Wednesday in Connecticut federal court.