Medley Capital's Investors Want Records On Proposed Merger

Law360 (January 11, 2019, 7:42 PM EST) -- Investment adviser FrontFour Capital Group LLC filed a complaint Friday in Delaware Chancery Court against Medley Capital Corporation in an effort to investigate possible corporate wrongdoing in connection with a proposed merger involving two other asset management businesses, claiming the proposed transaction does not maximize value for MCC stockholders.

FrontFour, which along with its affiliates owns roughly 4 percent of MCC’s common stock, wants access to MCC’s records to determine if there have been breaches of fiduciary duty in connection with a deal announced in August through which MCC will merge with Sierra Income Corporation, with SIC as the surviving company....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!