Class Action Filed Against BlackRock TCP Capital Corp.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy TCPC?
Source: Businesswire
- Lawsuit Background: Glancy Prongay Wolke & Rotter LLP has filed a class action in the Central District of California on behalf of investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, alleging significant misstatements in the company's financial disclosures.
- Deteriorating Financial Condition: On February 27, 2025, BlackRock reported that the number of portfolio companies in non-accrual status had more than doubled, leading to a 289% increase in non-accrual debt investments, while the net asset value fell by 22.44% to $9.23 per share, indicating a severe decline in financial health.
- Stock Price Reaction: Following the earnings release, BlackRock's stock price dropped by 9.64% to close at $8.44 per share, with unusually high trading volume, reflecting market concerns regarding the company's financial stability.
- Subsequent Disclosure: On January 23, 2026, BlackRock TCP disclosed that its net asset value per share had fallen to between $7.05 and $7.09, a 23.4% decrease from the previous year, resulting in a further 12.97% drop in stock price to $5.10 per share, exacerbating investor losses.
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Analyst Views on TCPC
Wall Street analysts forecast TCPC stock price to rise
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 3.540
Low
5.50
Averages
6.25
High
7.00
Current: 3.540
Low
5.50
Averages
6.25
High
7.00
About TCPC
BlackRock TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests primarily in the debt of middle-market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Such investments may include an equity component, and, to a lesser extent, it may make equity investments directly. It invests in various industries, including automobiles, Internet software and service, software, diversified financial services, diversified consumer services, health care technology, healthcare providers and services, media, construction and engineering, and real estate management and development, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Class Action Filed Against BlackRock TCP Capital Corp.
- Class Action Initiation: Pomerantz LLP has announced a class action lawsuit against BlackRock TCP Capital Corp., alleging securities fraud and other unlawful business practices by the company and certain officers, with investors needing to apply as Lead Plaintiff by April 6, 2026.
- NAV Decline: On February 27, 2025, BlackRock TCP revealed that the number of portfolio companies on non-accrual status had more than doubled, with its NAV falling over 22% year-over-year to $9.23 per share, despite the company asserting this figure was accurate.
- Stock Price Volatility: Following this news, BlackRock TCP's stock price fell by 9.6%, and on January 23, 2026, the company disclosed that its NAV per share as of December 31, 2025, was actually between $7.05 and $7.09, representing a 19% decrease from the previous quarter and a 23.4% drop from the prior year.
- Legal Expertise: Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, having recovered numerous multimillion-dollar damages for class members, highlighting its expertise and impact in the securities fraud arena.
See More
BlackRock TCP Capital Accused of Misleading Statements
- Lawsuit Filed: Holzer & Holzer, LLC has initiated a shareholder class action lawsuit against BlackRock TCP Capital, alleging the issuance of false and misleading statements while failing to disclose critical adverse facts regarding the company's business and operations, resulting in investor losses.
- Valuation Issues: The lawsuit claims that BlackRock TCP's investments were not timely or appropriately valued, which misled investors about the company's true financial condition, potentially leading to misguided investment decisions.
- Overstated Net Asset Value: The company's ineffective portfolio restructuring efforts have allegedly resulted in understated unrealized losses, causing an inflated net asset value that further harmed shareholder interests.
- Investor Rights Notification: Investors who purchased BlackRock TCP shares are encouraged to contact Holzer & Holzer before April 6, 2026, to discuss their legal rights and potentially apply to be lead plaintiffs in the lawsuit to safeguard their interests.
See More
Class Action Notice for BlackRock TCP Capital Corp.
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, thereby alleviating financial burdens on investors.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP's management failed to disclose the true valuation of its investments and the ineffectiveness of its restructuring efforts, resulting in undisclosed losses that inflated the company's net asset value (NAV).
- Law Firm's Strength: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its successful track record and expertise in this field.
See More
Multiple Companies Face Class Action Lawsuits
- Class Action Overview: The Law Offices of Frank R. Cruz remind investors of class action lawsuits filed against BlackRock TCP Capital Corp., Oracle Corporation, Paysafe Limited, and Inovio Pharmaceuticals, urging investors to file lead plaintiff motions by the specified deadlines to protect their legal rights.
- BlackRock TCP Capital: During the period from November 6, 2024, to January 23, 2026, the lawsuit alleges that the company failed to timely and appropriately value its investments, leading to understated unrealized losses and overstated net asset value, which misled investors in their decision-making.
- Oracle Corporation: From June 12, 2025, to December 16, 2025, the lawsuit claims that Oracle's AI infrastructure strategy resulted in massive capital expenditure increases without corresponding revenue growth, heightening the company's debt risks and impacting its financial stability.
- Paysafe and Inovio: Paysafe faces allegations during the period from March 4, 2025, to November 12, 2025, for failing to disclose significant reliance on high-risk clients, potentially negatively impacting revenue growth; meanwhile, Inovio is accused of manufacturing deficiencies from October 10, 2023, to December 26, 2025, which may affect the timeliness and success of its FDA application.
See More
Reminder of Class Action Lawsuit for BlackRock TCP Capital Corp.
- Class Action Notification: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP's management failed to timely and appropriately value investments, leading to investors being misled about the true net asset value, which resulted in significant losses when the actual details were revealed, thereby damaging the company's reputation and investor confidence.
- Law Firm's Advantage: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its extensive experience and success in handling such cases, which investors should consider when selecting legal counsel.
- Participation Method: Investors can visit the Rosen Law Firm website or call the toll-free number for more information; although a class has not yet been certified, investors can still choose to retain counsel or remain absent while protecting their rights.
See More
Faruqi & Faruqi Investigates Claims Against BlackRock TCP Investors
- Legal Claim Investigation: Faruq & Faruqi, LLP is investigating potential claims against BlackRock TCP Capital Corp., particularly for investors who purchased or acquired securities between November 6, 2024, and January 23, 2026, aiming to provide legal support for affected investors.
- Investor Contact Information: Affected investors are encouraged to contact Faruq & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights and possible claims options.
- Class Action Deadline: Investors should note that the deadline to seek the role of lead plaintiff in the federal securities class action against BlackRock TCP is April 6, 2026, making this timeline critical for potential claims.
- Role of Securities Law Firm: As a leading national securities law firm, Faruq & Faruqi's investigation aims to ensure that investors' rights are protected and to provide necessary legal support to address potential losses.
See More
Class Action Filed Against BlackRock TCP Capital Corp.
- Class Action Initiation: Pomerantz LLP has announced a class action lawsuit against BlackRock TCP Capital Corp., alleging securities fraud and other unlawful business practices by the company and certain officers, with investors needing to apply as Lead Plaintiff by April 6, 2026.
- NAV Decline: On February 27, 2025, BlackRock TCP revealed that the number of portfolio companies on non-accrual status had more than doubled, with its NAV falling over 22% year-over-year to $9.23 per share, despite the company asserting this figure was accurate.
- Stock Price Volatility: Following this news, BlackRock TCP's stock price fell by 9.6%, and on January 23, 2026, the company disclosed that its NAV per share as of December 31, 2025, was actually between $7.05 and $7.09, representing a 19% decrease from the previous quarter and a 23.4% drop from the prior year.
- Legal Expertise: Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, having recovered numerous multimillion-dollar damages for class members, highlighting its expertise and impact in the securities fraud arena.
See More
BlackRock TCP Capital Accused of Misleading Statements
- Lawsuit Filed: Holzer & Holzer, LLC has initiated a shareholder class action lawsuit against BlackRock TCP Capital, alleging the issuance of false and misleading statements while failing to disclose critical adverse facts regarding the company's business and operations, resulting in investor losses.
- Valuation Issues: The lawsuit claims that BlackRock TCP's investments were not timely or appropriately valued, which misled investors about the company's true financial condition, potentially leading to misguided investment decisions.
- Overstated Net Asset Value: The company's ineffective portfolio restructuring efforts have allegedly resulted in understated unrealized losses, causing an inflated net asset value that further harmed shareholder interests.
- Investor Rights Notification: Investors who purchased BlackRock TCP shares are encouraged to contact Holzer & Holzer before April 6, 2026, to discuss their legal rights and potentially apply to be lead plaintiffs in the lawsuit to safeguard their interests.
See More
Class Action Notice for BlackRock TCP Capital Corp.
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, thereby alleviating financial burdens on investors.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP's management failed to disclose the true valuation of its investments and the ineffectiveness of its restructuring efforts, resulting in undisclosed losses that inflated the company's net asset value (NAV).
- Law Firm's Strength: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its successful track record and expertise in this field.
See More
Multiple Companies Face Class Action Lawsuits
- Class Action Overview: The Law Offices of Frank R. Cruz remind investors of class action lawsuits filed against BlackRock TCP Capital Corp., Oracle Corporation, Paysafe Limited, and Inovio Pharmaceuticals, urging investors to file lead plaintiff motions by the specified deadlines to protect their legal rights.
- BlackRock TCP Capital: During the period from November 6, 2024, to January 23, 2026, the lawsuit alleges that the company failed to timely and appropriately value its investments, leading to understated unrealized losses and overstated net asset value, which misled investors in their decision-making.
- Oracle Corporation: From June 12, 2025, to December 16, 2025, the lawsuit claims that Oracle's AI infrastructure strategy resulted in massive capital expenditure increases without corresponding revenue growth, heightening the company's debt risks and impacting its financial stability.
- Paysafe and Inovio: Paysafe faces allegations during the period from March 4, 2025, to November 12, 2025, for failing to disclose significant reliance on high-risk clients, potentially negatively impacting revenue growth; meanwhile, Inovio is accused of manufacturing deficiencies from October 10, 2023, to December 26, 2025, which may affect the timeliness and success of its FDA application.
See More
Reminder of Class Action Lawsuit for BlackRock TCP Capital Corp.
- Class Action Notification: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to potentially receive compensation without any out-of-pocket costs.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP's management failed to timely and appropriately value investments, leading to investors being misled about the true net asset value, which resulted in significant losses when the actual details were revealed, thereby damaging the company's reputation and investor confidence.
- Law Firm's Advantage: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its extensive experience and success in handling such cases, which investors should consider when selecting legal counsel.
- Participation Method: Investors can visit the Rosen Law Firm website or call the toll-free number for more information; although a class has not yet been certified, investors can still choose to retain counsel or remain absent while protecting their rights.
See More
Faruqi & Faruqi Investigates Claims Against BlackRock TCP Investors
- Legal Claim Investigation: Faruq & Faruqi, LLP is investigating potential claims against BlackRock TCP Capital Corp., particularly for investors who purchased or acquired securities between November 6, 2024, and January 23, 2026, aiming to provide legal support for affected investors.
- Investor Contact Information: Affected investors are encouraged to contact Faruq & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights and possible claims options.
- Class Action Deadline: Investors should note that the deadline to seek the role of lead plaintiff in the federal securities class action against BlackRock TCP is April 6, 2026, making this timeline critical for potential claims.
- Role of Securities Law Firm: As a leading national securities law firm, Faruq & Faruqi's investigation aims to ensure that investors' rights are protected and to provide necessary legal support to address potential losses.
See More
