12/05/24 - Medallion Financial and Andrew Murstein in discussions with SEC to settle charges ahead of potentially invasive discovery, testifying under oath and co-defendant cooperating with the SEC.

Medallion Financial

Dec 6

Written By Steve H

SEC v. MFIN and Murstein extension request for scheduling order to December 20th, 2024

Medallion FinancialMFINSEC LawsuitZimCal

Steve H

12/20/24 - Medallion Financial and Andrew Murstein apparently reach settlement in principle with the SEC with 02/25/25 effective deadline. 3 years after lawsuit filed and millions in legal expenses.

09/18/24 - Judge denies almost all Medallion Financial’s and Andrew Murstein’s motions to dismiss SEC charges in a huge blow to MFIN and Murstein, exposing stockholders to significant penalties.