Rosen Law Firm Files Class Action Against BlackRock TCP Capital Corp.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Should l Buy TCPC?
Source: Businesswire
- Lawsuit Background: Rosen Law Firm has initiated a class action lawsuit on behalf of investors who purchased securities of BlackRock TCP Capital Corp. (NASDAQ: TCPC) between November 6, 2024, and January 23, 2026, alleging that the company misled investors regarding its business operations, resulting in investor losses.
- Allegation Details: The lawsuit claims that the defendants failed to timely and appropriately value BlackRock TCP's investments, and that their portfolio restructuring efforts did not effectively resolve credit issues, leading to understated unrealized losses and overstated net asset value (NAV), which materially misled investors about the company's prospects.
- Investor Rights: Affected shareholders must file motions to serve as lead plaintiff by April 6, 2026, with the lead plaintiff representing other members in directing the litigation, indicating the flexibility of legal proceedings as participants do not need to take action to be eligible for recovery.
- Law Firm Background: Rosen Law Firm specializes in shareholder rights litigation and has recovered over $1 billion for shareholders since its inception, demonstrating its leadership in the securities class action field and commitment to improving corporate governance and holding executives accountable.
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Analyst Views on TCPC
Wall Street analysts forecast TCPC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TCPC is 6.25 USD with a low forecast of 5.50 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 4.790
Low
5.50
Averages
6.25
High
7.00
Current: 4.790
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: Rosen Law Firm has initiated a class action lawsuit on behalf of investors who purchased securities of BlackRock TCP Capital Corp. (NASDAQ: TCPC) between November 6, 2024, and January 23, 2026, alleging that the company misled investors regarding its business operations, resulting in investor losses.
- Allegation Details: The lawsuit claims that the defendants failed to timely and appropriately value BlackRock TCP's investments, and that their portfolio restructuring efforts did not effectively resolve credit issues, leading to understated unrealized losses and overstated net asset value (NAV), which materially misled investors about the company's prospects.
- Investor Rights: Affected shareholders must file motions to serve as lead plaintiff by April 6, 2026, with the lead plaintiff representing other members in directing the litigation, indicating the flexibility of legal proceedings as participants do not need to take action to be eligible for recovery.
- Law Firm Background: Rosen Law Firm specializes in shareholder rights litigation and has recovered over $1 billion for shareholders since its inception, demonstrating its leadership in the securities class action field and commitment to improving corporate governance and holding executives accountable.
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- Investor Loss Alert: BlackRock TCP Capital disclosed in its 2024 fiscal year report that the number of portfolio companies in non-accrual status more than doubled, leading to a 289% increase in non-accrual debt investments at cost, indicating a significant deterioration in the company's financial health that may erode investor confidence.
- Declining Net Asset Value: As of December 31, 2025, the company's net asset value (NAV) per share fell to between $7.05 and $7.09, representing a 19% decline from the previous quarter and a 23.4% drop from the prior year, which could negatively impact the company's future financing capabilities and market performance.
- Lawsuit Allegations: The class action lawsuit alleges that the company failed to timely disclose the ineffectiveness of its portfolio restructuring efforts and made misleading statements to investors, potentially exposing them to greater financial risks and losses.
- Stock Price Volatility: Following the financial reports released on February 27, 2025, and January 26, 2026, BlackRock TCP Capital's stock price dropped by 9.64% and 12.97%, respectively, reflecting strong market concerns about the company's financial health, which may affect future investor confidence.
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- Lawsuit Background: Robbins LLP reminds all investors who purchased BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024, and January 23, 2026, that a class action has been filed, alleging the company misled investors by failing to timely and appropriately value its investments.
- Financial Misrepresentation: The complaint states that BlackRock TCP's net asset value (NAV) as of December 31, 2025, was between $7.05 and $7.09, representing a 19% decline from the previous quarter and a 23.4% drop from the prior year, indicating a more severe financial condition than previously disclosed, which could undermine investor confidence.
- Stock Price Reaction: Following the financial disclosure on January 23, 2026, BlackRock TCP's stock price fell by $0.76, or 12.97%, on January 26, 2026, reflecting a strong market reaction to the company's lack of financial transparency, potentially leading more investors to seek legal recourse.
- Investor Action: Affected shareholders must file their papers with the court by April 6, 2026, to serve as lead plaintiffs in the class action, highlighting governance issues within the company that may prompt improvements in its financial reporting and transparency.
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- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against BlackRock TCP Capital Corp. and certain officers, aiming to recover damages for investors who purchased securities between November 6, 2024, and January 23, 2026, reflecting significant investor dissatisfaction with the company's financial transparency.
- Detailed Allegations: The lawsuit alleges that throughout the class period, the defendants failed to timely and appropriately value investments, resulting in understated unrealized losses and overstated net asset value, which materially misled investors regarding the company's business prospects.
- Opportunity for Investor Participation: Affected investors are encouraged to apply to be lead plaintiffs by April 6, 2026, although participation in any recovery does not require serving as lead plaintiff, providing a crucial legal avenue for investors to seek compensation.
- Transparent Legal Fees: Bronstein, Gewirtz & Grossman, LLC states that they represent investors on a contingency fee basis, ensuring that investors can pursue legal remedies without upfront costs, thereby enhancing investor confidence in the legal process.
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- Investor Reminder: BlackRock TCP Capital Corp. reminds investors that April 6, 2026, is the deadline to file a lead plaintiff motion for those who purchased securities between November 6, 2024, and January 23, 2026, indicating significant legal risks for the company.
- Deteriorating Financial Condition: On February 27, 2025, the company announced that the number of portfolio companies on non-accrual status had more than doubled, resulting in a 289% increase in debt investments on non-accrual status, highlighting a significant decline in financial health that may impact future financing capabilities.
- Declining Net Asset Value: The company's net asset value (NAV) fell by 22.44% year-over-year to $9.23 per share, with fourth quarter and full year 2025 results revealing NAV further dropping to between $7.05 and $7.09, indicating serious issues in asset valuation that could undermine investor confidence.
- Overview of the Lawsuit: The lawsuit alleges that the company failed to disclose the ineffectiveness of portfolio restructuring and timely valuation of investments throughout the class period, misleading investors and potentially exposing the company to greater legal liabilities and financial losses.
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- BlackRock Lawsuit: A class action lawsuit against BlackRock TCP Capital Corp. alleges that from November 6, 2024, to January 23, 2026, the company failed to timely and appropriately value investments, leading to understated unrealized losses and overstated net asset value, which undermines shareholder confidence and investment decisions.
- Oracle Allegations: Oracle Corporation faces a class action lawsuit for the period from June 12, 2025, to December 16, 2025, for failing to disclose that its AI infrastructure strategy would result in significant capital expenditure increases without corresponding near-term revenue growth, raising concerns about debt risks and cash flow.
- Shareholder Rights Protection: Investors are reminded to file a lead plaintiff motion by April 6, 2026, to protect their rights in the class action, while those who take no action can remain absent members, ensuring their legal rights are not compromised.
- Legal Consultation Channels: Investors seeking more information or legal rights consultation can contact The Law Offices of Frank R. Cruz via phone or email to stay updated on the class action developments and receive legal support.
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