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StocksHigh Impact•13 February 2026•

1 min read

BlackRock TCP Capital Corp. Faces Class Action Lawsuits Over Alleged Financial Misrepresentation

Multiple law firms have initiated class action lawsuits against BlackRock TCP Capital Corp. (NASDAQ: TCPC) on behalf of investors. The lawsuits allege that the company failed to accurately value its investments, leading to misleading representations about its business prospects. Specifically, plaintiffs claim TCPC understated unrealized losses and overstated its net asset value (NAV) during the period between November 6, 2024, and January 23, 2026. This alleged misrepresentation caused significant volatility in the company's stock price. Disclosures of increased non-accrual portfolio companies and substantial NAV declines preceded the stock's fluctuations. This legal action is expected to exert downward pressure on TCPC's shares and heighten investor uncertainty.