Robbins LLP Alerts on Class Action Against BlackRock TCP Capital Corp.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TCPC?
Source: Globenewswire
- Lawsuit Background: Robbins LLP reminds investors that a class action has been filed on behalf of shareholders who purchased BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024, and January 23, 2026, alleging the company failed to timely and appropriately value its investments.
- Investor Misleading: The complaint states that BlackRock TCP's portfolio restructuring efforts did not effectively resolve credit challenges, leading to understated unrealized losses and overstated net asset value (NAV), which misled investors regarding the company's business prospects.
- Financial Disclosure Impact: On January 23, 2026, BlackRock TCP disclosed its fourth quarter and full year 2025 financial results, revealing that the NAV per share as of December 31, 2025, was actually between $7.05 and $7.09, a 19% decrease from the previous quarter and a 23.4% decrease from the prior year, causing the stock price to drop by 12.97% to $5.10.
- Shareholder Action Recommendation: Shareholders wishing to serve as lead plaintiff in the class action must file their papers with the court by April 6, 2026, with Robbins LLP offering contingency fee representation, ensuring no fees or expenses for shareholders involved in the litigation.
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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: 4.740
Low
5.50
Averages
6.25
High
7.00
Current: 4.740
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.
- Lawsuit Background: Robbins LLP reminds investors that a class action has been filed on behalf of shareholders who purchased BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024, and January 23, 2026, alleging the company failed to timely and appropriately value its investments.
- Investor Misleading: The complaint states that BlackRock TCP's portfolio restructuring efforts did not effectively resolve credit challenges, leading to understated unrealized losses and overstated net asset value (NAV), which misled investors regarding the company's business prospects.
- Financial Disclosure Impact: On January 23, 2026, BlackRock TCP disclosed its fourth quarter and full year 2025 financial results, revealing that the NAV per share as of December 31, 2025, was actually between $7.05 and $7.09, a 19% decrease from the previous quarter and a 23.4% decrease from the prior year, causing the stock price to drop by 12.97% to $5.10.
- Shareholder Action Recommendation: Shareholders wishing to serve as lead plaintiff in the class action must file their papers with the court by April 6, 2026, with Robbins LLP offering contingency fee representation, ensuring no fees or expenses for shareholders involved in the litigation.
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- BlackRock TCP Capital Lawsuit: A class action has been initiated against BlackRock TCP Capital, alleging that from November 2024 to January 2026, management failed to disclose timely investment valuation issues, leading to an overstated net asset value, which resulted in a 19% decline in asset value announced on January 23, 2026, causing a 12.97% drop in stock price to $5.10 per share, highlighting severe transparency issues in the company's finances.
- Plug Power Lawsuit: Plug Power is also facing a class action for the period from January to November 2025, with allegations that executives misrepresented the availability of funds related to the DOE loan, leading to a 6.29% drop in stock price to $3.87 per share as the company pivoted to more conservative projects, indicating uncertainty in its strategic direction.
- Executive Changes Impact: The abrupt resignation of Plug Power's CEO and President in October 2025 led to a decline in market confidence, with stock prices falling further after the earnings report, reflecting potential negative impacts of leadership changes on company operations.
- Financial Results and Market Reaction: Plug Power's November 2025 earnings report indicated an expectation of over $275 million in liquidity, yet the suspension of the DOE loan program caused a 17.58% drop in stock price to $2.25 per share over two days, suggesting increasing market concerns about the company's financial health.
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- Investor Loss Warning: BlackRock TCP Capital Corp. reported a doubling of portfolio companies in non-accrual status during the 2024 fiscal year, leading to a 289% increase in non-accrual debt investments, which directly impacts investor confidence and may result in further stock price declines.
- Declining Net Asset Value: The company's net asset value (NAV) fell 22.44% year-over-year to $9.23 per share, indicating a deterioration in financial health and potentially exposing investors to greater losses.
- Lawsuit Allegations: The class action lawsuit alleges that the company failed to timely disclose the true value of its portfolio and the effectiveness of restructuring efforts during the reporting period, leading to investor misconceptions about the company's prospects and potential broader legal liabilities.
- Stock Price Volatility: Following the financial reports released on February 27, 2025, and January 26, 2026, BlackRock TCP's stock price dropped by 9.64% and 12.97%, respectively, reflecting the market's strong reaction to the company's financial condition, prompting investors to approach future risks with caution.
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- Class Action Initiation: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased BlackRock TCP Capital Corp. (NASDAQ:TCPC) securities between November 6, 2024, and January 23, 2026, alleging that the company failed to disclose timely and accurate valuations of its investments, potentially leading to investor losses.
- Compensation Structure: Investors participating in the lawsuit may be entitled to compensation without any out-of-pocket costs, as legal fees will be covered through a contingency fee arrangement, thereby reducing the financial burden on affected investors and encouraging broader participation.
- Legal Representation Importance: The firm emphasizes the necessity for investors to select qualified counsel with a proven track record, noting that many firms issuing notices lack the necessary resources and experience, urging investors to be prudent in their choice of legal representation to safeguard their interests.
- Disclosure of Case Details: The lawsuit claims that BlackRock TCP failed to disclose that its investments were not being appropriately valued, leading to a misunderstanding of the company's prospects; if the court certifies the class action, it could provide a pathway for potential compensation for investors.
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- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against BlackRock TCP Capital Corp., alleging violations of federal securities laws on behalf of all investors who purchased BlackRock securities between November 6, 2024, and January 23, 2026.
- Allegations Details: The complaint claims that the defendants failed to timely and appropriately value the company's investments, resulting in understated unrealized losses and overstated net asset value, thereby misleading investors about the company's business and prospects.
- Investor Actions: Affected investors are encouraged to apply to be lead plaintiffs by April 6, 2026, to share in any potential recovery, with the option to participate without needing to serve as lead plaintiffs.
- Legal Fee Arrangement: Bronstein, Gewirtz & Grossman, LLC represents investors on a contingency fee basis, meaning they will only seek reimbursement for expenses and attorney fees if they successfully recover funds, thus minimizing financial risk for investors.
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- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, indicating potential investor losses due to undisclosed risks.
- Compensation Structure: Investors joining the lawsuit can do so without any upfront costs through a contingency fee arrangement, which aims to alleviate financial burdens and encourage participation from affected investors.
- Allegations in Lawsuit: The lawsuit alleges that BlackRock TCP's management failed to disclose the true valuation of investments and the ineffectiveness of restructuring efforts, leading to a misunderstanding of the company's prospects, which could undermine shareholder confidence.
- Law Firm Credentials: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its strength and experience in handling similar cases.
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