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Robbins LLP Class Action Lawsuit Alert Against BlackRock TCP Capital Corp.

In a recent development that has raised eyebrows in the investment community, Robbins LLP has announced an alert concerning a class action lawsuit against BlackRock TCP Capital Corp. (NASDAQ: TCPC). The lawsuit, representing investors who purchased or acquired TCPC securities from November 6, 2024, to January 23, 2026, raises significant allegations regarding the company’s disclosures and investment valuation practices.

The Core Allegations

According to the complaint, investors assert that BlackRock TCP has not been entirely forthcoming regarding its business operations and financial health. Key points outlined in the complaint include:

1. Misrepresentation of Value: The lawsuit claims that BlackRock TCP failed to properly value its investments, potentially misleading shareholders about the risk associated with those assets.
2. Ineffective Portfolio Restructuring: The allegations suggest that efforts made by the company to restructure its portfolio did not adequately address the problems associated with challenged credits, which may have impacted the portfolio quality adversely.
3. Understated Unrealized Losses: The lack of timely disclosures concerning unrealized losses purportedly led to an overstated Net Asset Value (NAV), potentially deceiving investors regarding the company’s actual performance.
4. Misleading Communications: Positive statements made by BlackRock TCP about its financial standing were deemed materially misleading and lacking a reasonable basis, prompting further concerns among investors.

On January 23, 2026, after the market closed, BlackRock TCP disclosed its financial results for the fourth quarter and the full year of 2025. Crucially, the company revealed that its NAV per share as of December 31, 2025, was between $7.05 and $7.09. This figure represents a 19% drop from the prior quarter and a 23.4% decrease year-over-year. Following this announcement, the company's stock experienced a dramatic fall, dropping 12.97% to settle at approximately $5.10 per share by January 26, 2026.

What This Means for Investors

Investors who feel they were misled by the company’s disclosures may be eligible to participate in the class action. Those interested in being designated as the lead plaintiff must file the necessary paperwork with the court by April 6, 2026. The lead plaintiff acts on behalf of all class members in guiding the litigation process. Importantly, investors do not need to take any action to remain a part of the class, but those looking for restitution must engage with the legal proceedings.

Robbins LLP emphasizes that all legal representation is offered on a contingency fee basis, meaning that investors will not incur any fees unless a recovery is achieved.

About Robbins LLP

Robbins LLP has established itself as a heavyweight in shareholder rights litigation since its inception in 2002. The firm is dedicated to assisting shareholders in recovering losses while advocating for corporate governance enhancements and holding accountable those in positions of leadership who may engage in unethical practices.

For individuals wishing to remain updated on the proceedings of the class action against BlackRock TCP Capital Corp. or to receive alerts regarding potential corporate misconduct, Robbins LLP encourages signing up for their Stock Watch alert service.

Conclusion

This class action stands as a crucial reminder for investors about the importance of transparency and accurate financial reporting from companies like BlackRock TCP Capital Corp. Those impacted by the alleged discrepancies should remain vigilant and consider joining the lawsuit to seek potential recovery for their losses.