ZimCal Responds to Personal Attacks by Medallion Financial Corp. and Issues Cease and Desist

On May 16, 2024, ZimCal Asset Management, LLC issued a release responding to statements in Medallion Financial Corp.’s May 13, 2024 solicitation material that ZimCal asserted were false and defamatory. The release states that counsel to ZimCal had sent a cease and desist letter to counsel for Medallion demanding that the statements cease and be corrected. The full release is available on Business Wire.