Medley Management Inc. (MDLM)

[56Chevy]

We wondered if the SEC would withdraw their claim once they took care of the Taube bros ..and they did. So they're out.

This is actually good because they can and do cause delays in a BK with minor and or inconsequential objections and such. They have all the time and money in the world so delays are meaningless to them. Delays in bk's always co$t the estate big money in professional fees.

That lawsuit the D&O filed with Lowenstein smacks of a fearful, frantic and desparate last ditch effort to shift blame and delay the process. Not smart imo..but then that's been the problem all along. I think those guys knew the Taube boys were running fast and loose but couldn't control them so as the old saying goes - If you can't beat em' ..join em! They could have resigned when they knew this could be trouble.. but they didn't so its let's see if we can pull somebody else down with us time.

They can run but they can't hide imo.