TheBadPlaceyahoo news | Deadline Approaching for Investors of BlackRock TCP Capital Corp. (NASDAQ: TCPC)...
Kaplan Fox & Kilsheimer LLP announced on March 24, 2026 that it has filed a class‑action lawsuit in federal court on behalf of investors who purchased BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024 and January 23, 2026. The complaint seeks to represent all members of this “Class Period” and urges affected shareholders to consider joining the case or volunteering as a lead plaintiff before the April 6, 2026 deadline.
The suit alleges that BlackRock TCP made false or misleading statements and failed to disclose material problems that caused the company’s net‑asset‑value (NAV) per share to be vastly overstated. In a Form 8‑K filing on January 23, 2026, the company reported that its estimated NAV per share had fallen to roughly $7.05‑$7.09—a 19 % decline from $8.71 three months earlier—citing issuer‑specific developments. The next trading day the stock plunged about 13 % to $5.10. The complaint claims the company concealed that its investments were not being timely or properly valued, that portfolio‑restructuring efforts were ineffective, and that unrealized losses were understated, rendering the positive public statements about the business materially misleading.
Kaplan Fox urges any investor who suffered losses to contact the firm for more information and to learn how to become a lead plaintiff, noting that participation does not require becoming a lead plaintiff to share in any potential recovery. The firm provided phone numbers and email addresses for its New York and Oakland offices, and emphasized that the contact does not create an attorney‑client relationship. The press release also notes that Kaplan Fox is a nationally recognized securities‑litigation firm with more than 50 years of experience.
