yahoo news | ...Kaplan Fox Reminds Investors of a Class Action Lawsuit Against BlackRock TCP...
Kaplan Fox & Kilsheimer LLP announced that a class‑action lawsuit has been filed against BlackRock TCP Capital Corp. (NASDAQ: TCPC) on behalf of investors who purchased or otherwise acquired BlackRock TCP securities between November 6, 2024 and January 23, 2026 (the “Class Period”). The firm is reminding members of the proposed class that they must move the court by **April 6, 2026** if they wish to serve as a lead plaintiff, though participation as a lead plaintiff is not required to share in any potential recovery.
The complaint alleges that, during the Class Period, the defendants made false or misleading statements and failed to disclose material facts, including (i) untimely or improper valuation of the company’s investments, (ii) ineffective portfolio restructuring that did not resolve troubled credits or improve portfolio quality, (iii) understatement of unrealized losses, (iv) overstated net asset value (NAV), and (v) materially misleading positive statements about the company’s business, operations, and prospects. In a Form 8‑K filed on January 23, 2026, BlackRock TCP disclosed an estimated NAV per share of $7.05‑$7.09 for December 31, 2025—a roughly 19 % decline from the September 30, 2025 figure of $8.71—citing issuer‑specific developments. The following trading day the stock fell about 13 % to $5.10 per share.
Investors who believe they have suffered losses are encouraged to contact Kaplan Fox by emailing [email protected] or calling (646) 315‑9003. Kaplan Fox, a national law firm with over 50 years of securities‑litigation experience, provides the contact details for its New York and Oakland offices and notes that this notice may be considered attorney advertising; past results do not guarantee future outcomes, and contacting the firm does not create an attorney‑client relationship.
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