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Re: deafelephant post# 79148

Thursday, 08/25/2016 3:35:58 PM

Thursday, August 25, 2016 3:35:58 PM

Post# of 80868
In MSLP's countersuit with FHG Corporations aka Capstone Nutrition, they alleged that Medley Capital corp attempted to interfere in financial deals by forcefully attempting to force MSLP into bankruptcy, making it ideal for a hostile take-over.

Upon research, have learned that another corporation is making very similar allegations about Medley Capital

The lawsuit alleges that Medley then became heavily involved in the management and operations of the company, and took control of Barkat’s stock voting rights, fired MVF’s board of directors, appointed a board that was loyal to Medley, and removed Barkat as an officer of MVF.

Additionally, the suit says a lucrative co-venture deal between MVF and Technicolor fell apart “due to Medley’s heavy hand and its bad faith pursuit of equity in MVF as a condition of closing [the Technicolor deal].”



http://www.thewrap.com/modern-videofilm-founder-sues-medley-capital-deloitte-for-100-million/

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