According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Hercules Capital overstated the due diligence with which it conducted its deal sourcing and/or loan origination process;
- Hercules Capital overstated the due diligence with which it conducted its portfolio valuation process;
- Hercules Capital reported misclassified portfolio investments;
- as a result of the foregoing, Hercules Capital overstated and/or misrepresented its portfolio valuations; and
- as a result of the foregoing, defendants’ positive statements about Hercules Capital’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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