According to the lawsuit, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about BlackRock TCP’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that:
- BlackRock TCP’s investments were not being timely and/or appropriately valued;
- BlackRock TCP’s efforts at portfolio restructuring were not effectively resolving challenged credits or improving the quality of the portfolio;
- as a result, BlackRock TCP’s unrealized losses were understated;
- as a result, BlackRock TCP’s net asset value was overstated; and
- as a result of the foregoing, defendants’ positive statements about BlackRock TCP’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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