BLK · News · 20260804N

TCP Capital Investor Class Action

BlackRock, Inc. · 2026-08-04 · Importance 31 · Surprise 42 · In source text

The Portnoy Law Firm announced a class action on behalf of investors in BlackRock TCP Capital Corp. securities purchased between November 6, 2024, and January 23, 2026. The lawsuit alleges that the company made misleading statements and failed to disclose that investments were improperly valued. The alleged valuation issues purportedly overstated net asset value. Investors have until April 6, 2026, to move for appointment as lead plaintiff.

Key facts

• A class action lawsuit has been filed against BlackRock TCP Capital Corp. alleging misrepresentation of investment valuations and understatement of unrealized losses that led to an overstatement of the company's NAV. source
• Portnoy Law Firm announced a class action on behalf of BlackRock TCP Capital Corp. investors who purchased securities between November 6, 2024, and January 23, 2026, and investors have until April 6, 2026 to file a lead plaintiff motion. source
• Investors who purchased BlackRock TCP Capital securities between November 6, 2024, and January 23, 2026, have until April 6, 2026, to file lead plaintiff motions in the class action. source
• Disclosures in early 2025 and 2026 revealed significant NAV declines and an increase in non-accrual portfolio companies, causing the stock price to drop sharply according to the TCP Capital class action notice. source

Impact estimates