Denial of Defendant Andrew Murstein & MFIN's Motion to Dismiss

Federal Judge Lewis Kaplan rejected Medallion and Mr. Murstein's attempt to have the case thrown out, finding the SEC's allegations legally sufficient to proceed to trial — a ruling that credited the SEC's fraud allegations in full and set the stage for the eventual settlement and permanent injunctions.

Opinion of the Honorable Lewis A. Kaplan on Motion to Dismiss, SEC v. Medallion Financial Corp., et al., No. 1:21-cv-11125-LAK (S.D.N.Y.), Document 105 (filed September 18, 2024).