BlackRock TCP Capital Corp. Class Action
Analysis based on 21 articles · First reported Feb 28, 2026 · Last updated Mar 26, 2026
The market is negatively impacted by the alleged securities fraud by BlackRock TCP Capital Corporation, leading to a significant drop in its stock price. This event highlights potential risks in investment management and could lead to increased scrutiny of NAV reporting across the industry.
BlackRock TCP Capital Corporation is facing a class action lawsuit filed by Pomerantz LLP on behalf of investors. The lawsuit alleges that BlackRock TCP Capital Corporation engaged in securities fraud by misrepresenting its Net Asset Value (NAV). On February 27, 2025, BlackRock TCP Capital Corporation revealed that its NAV had fallen over 22% year over year to $9.23 per share, causing its stock price to drop by 9.6%. Subsequently, on January 23, 2026, BlackRock TCP Capital Corporation disclosed that its NAV per share as of December 31, 2025, was actually in the range of $7.05 to $7.09, a further 19% less than the prior quarter and 23.4% less than the prior year. This subsequent disclosure led to another nearly 13% fall in BlackRock TCP Capital Corporation's stock price. The lawsuit seeks to recover damages for investors who purchased BlackRock TCP Capital Corporation securities during the Class Period.
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