trending Market Intelligence /marketintelligence/en/news-insights/trending/8POhYfi2afCzdP0SyPus6g2 content esgSubNav
In This List

2 Medley Capital directors resign

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


2 Medley Capital directors resign

John Mack and Mark Lerdal resigned from Medley Capital Corp.'s board, effective March 18.

Due to their resignations, the New York Stock Exchange on March 19 sent a notice to Medley Capital that it is now in noncompliance with rules requiring a majority of independent directors for listed companies and that an audit committee should have at least three members.

Medley Capital disclosed March 14 that a Delaware court ruled its board breached their fiduciary duties in agreeing to merge with Sierra Income Corp.