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Class Action Suits Filed Against BlackRock TCP Capital and Plug Power

GlobeNewswire Inc.GlobeNewswire Inc.
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Key Takeaway

Class action lawsuits filed against BlackRock TCP Capital and Plug Power for alleged material misrepresentations regarding financial information and business operations.

Class Action Suits Filed Against BlackRock TCP Capital and Plug Power
$PLUGnegative$TCPCnegative

Legal action has been initiated against BlackRock TCP Capital Corp. and Plug Power Inc., with law firm Bragar Eagel & Squire notifying investors of the filed class action lawsuits. The cases allege material misrepresentations and omissions by both companies that may have impacted investor decisions.

BlackRock TCP Capital Corp. faces allegations that the company understated unrealized losses and overstated its net asset value (NAV) prior to disclosing a 19% decline in NAV. The claims suggest investors were not provided accurate financial information reflecting the true condition of the company's portfolio holdings.

Plug Power Inc. is accused of misrepresenting the prospects of Department of Energy loan funding and concealing a strategic shift away from hydrogen production facilities. The company has experienced significant executive departures and sustained stock price declines. Bragar Eagel & Squire is encouraging investors who purchased securities in either company to contact the firm regarding potential participation in the lawsuits.

Topics

securities fraudclass action lawsuitshareholder rightsstock price declineDOE loanexecutive departureBlackRock TCP Capital Corp.NAV overstatementPlug Power Inc.

Source: GlobeNewswire Inc.

Back to newsPublished Feb 18

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