The Gross Law Firm has initiated a class action lawsuit against BlackRock TCP Capital Corp. (TCPC), alleging the company made materially false and misleading disclosures regarding investment valuations, portfolio quality assessments, and net asset value calculations. The legal action encompasses a covered period spanning from November 6, 2024, through January 23, 2026, during which shareholders contend they received inaccurate financial information.
Shareholders seeking to participate in the litigation must register their claims by April 6, 2026. The lawsuit targets the company's valuation methodology and the accuracy of financial statements provided to investors during the specified timeframe. TCPC, a business development company managed by BlackRock, invests primarily in leveraged loans and other fixed-income securities.
Investors who purchased or acquired TCPC securities during the covered period may be eligible to participate in the class action. Legal counsel has established the registration deadline to establish the scope of potential claimants and determine damages allocations. The case remains ongoing, with no settlement or liability determination having been reached at this time.