Medley Management Inc. (MDLM)

[56Chevy]

Thanx for the heads up. I've been out of pocket all day so I wasn't aware of the halt.

Seeking Alpha had this to say which isn't much but its all we have for now.

Medley Management stock halted, news pending (updated)

Jul. 6, 2021 11:18 AMMedley Management Inc. (MDLY)MDLQ, MDLX By: Liz Kiesche, SA News Editor

Trading of Medley Management (NYSE:MDLY) stock is halted by NYSE at 11:09 AM ET due to news pending.

Also halted is Medley LLC 6.875% senior notes due 2026 (NYSE:MDLX) and Medley LLC 7.25% notes due 2024 (NYSE:MDLQ).

As of 10:57 AM ET, MDLY shares were up 1.7%.

Update at 3:17 PM ET:

MDLY shares and the notes are still halted. Note that on June 24, the company submitted an SEC filing disclosing that Howard Laiao, its CEO and chief investment officer resigned, as did its president, Dean Crowe, and its chief operating officer, David Richards.

The company hasn't named any replacements. All three, though, retain their roles at Medley LLC.

Source;

https://seekingalpha.com/news/3712976-medley-management-stock-halted-news-pending