Pomerantz Law Firm Alerts BlackRock TCP Investors of Class Action Lawsuit and Key Dates

Investor Alert: Class Action Lawsuit Filed Against BlackRock TCP

Pomerantz LLP has officially announced the initiation of a class action lawsuit targeting BlackRock TCP Capital Corp. (NASDAQ: TCPC). This legal action is in response to significant losses suffered by investors and raises allegations of securities fraud and other unlawful business practices involving the company and its management team.

Background of the Lawsuit

Investors who suffered losses are encouraged to reach out to Pomerantz by contacting Danielle Peyton at [email protected] or by calling 646-581-9980. Interest in the lawsuit can also be communicated via a toll-free number: 888.4-POMLAW, Ext. 7980. Those interested should provide their contact details, including mailing address, phone number, and the number of shares they purchased to facilitate the process.

The lawsuit revolves around the troubling notifications that BlackRock TCP disclosed on February 27, 2025, indicating a dramatic increase in portfolio companies that were on non-accrual status. Furthermore, BlackRock TCP reported a staggering decline in its net asset value (NAV), which dropped by more than 22% year-over-year, settling at $9.23 per share. Despite these alarming revelations, BlackRock TCP maintained claims regarding the accuracy of its NAV, asserting that the majority of its portfolio remained in good standing, as stated in the complaint.

As might be expected, this unsettling news had a palpable impact on investor confidence, leading to a notable decline of 9.6% in BlackRock TCP's stock price.

Further Developments

On January 23, 2026, another critical disclosure came to light; BlackRock TCP revealed that its NAV per share as of December 31, 2025, was substantially lower than earlier reports, lying between $7.05 and $7.09. This marked a significant decrease of about 19% from the previous quarter and about 23.4% from the same time the previous year. In the wake of this announcement, BlackRock TCP's stock price plummeted nearly 13%. This series of events has raised serious questions about the company's financial practices and transparency, prompting the filing of the class action lawsuit.

About Pomerantz LLP

Pomerantz LLP, with offices located in major global cities such as New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is recognized as a leading law firm specializing in corporate, securities, and antitrust class actions. Founded over 85 years ago by the late Abraham L. Pomerantz, known as a pioneer in the field of securities class actions, the firm has continued to uphold its tradition of advocacy for victims of securities fraud, breaches of fiduciary duty, and corporate malpractice. They have successfully secured numerous multimillion-dollar settlements for their clients, reflecting their commitment to providing justice for aggrieved investors. More information can be found at www.pomerantzlaw.com.

This lawsuit not only seeks rectification for the affected investors but also aims to promote accountability within corporate practices. Investors looking to explore their legal options should not miss the approaching deadline of April 6, 2026, to potentially be recognized as Lead Plaintiffs in this critical class action case.