BlackRock TCP Capital Corp. Class Action Lawsuit – TCPC

The filed complaint alleges that BlackRock TCP Capital Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s investments were not being timely and/or appropriately valued; (2) the Company’s efforts at portfolio restructuring were not effectively resolving challenged credits or improving the quality of the portfolio; (3) as a result, the Company’s unrealized losses were understated; (4) as a result, the Company’s net asset value was overstated; and (5) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.