Robbins LLP Urges TCPC Investors to Join Class Action Lawsuit

Law firm investigating allegations that BlackRock TCP Capital Corp. misled investors about its business prospects

Published on Feb. 25, 2026

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Robbins LLP has filed a class action lawsuit on behalf of investors who purchased or acquired BlackRock TCP Capital Corp. (TCPC) securities between November 6, 2024 and January 23, 2026. The lawsuit alleges that TCPC failed to disclose that the company's investments were not being properly valued, its portfolio restructuring efforts were not resolving challenged credits, and its net asset value (NAV) was overstated as a result.

Why it matters

The lawsuit alleges that TCPC's misleading statements about its business prospects and financial health caused significant losses for investors when the company disclosed its true NAV, which was 19% less than previously reported. This highlights the importance of transparency and accurate reporting by public companies.

The details

According to the complaint, TCPC failed to disclose to investors that: (1) the company's investments were not being timely and/or appropriately valued; (2) its portfolio restructuring efforts were not effectively resolving challenged credits or improving the quality of the portfolio; (3) as a result, TCPC's unrealized losses were understated; and (4) its NAV was overstated. On January 23, 2026, TCPC disclosed that its NAV per share as of December 31, 2025 was in the range of $7.05 to $7.09, 19% less than reported the prior quarter and 23.4% less than reported the prior year. This news caused TCPC's stock price to fall 12.97% to $5.10 per share.

  • The class period is from November 6, 2024 to January 23, 2026.
  • The lead plaintiff must file their papers with the court by April 6, 2026.

The players

Robbins LLP

A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.

BlackRock TCP Capital Corp. (TCPC)

A business development company that raises funds from investors and uses those funds to make loans to small and midsize businesses as an alternative to bank financing.

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What they’re saying

“Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired BlackRock TCP Capital Corp. (NASDAQ: TCPC) securities between November 6, 2024 and January 23, 2026.”

— Robbins LLP (PRNewswire)

What’s next

The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Shareholders who wish to serve as lead plaintiff for the class must file their papers with the court by April 6, 2026.

The takeaway

This case highlights the importance of transparency and accurate reporting by public companies, as well as the role of shareholder litigation in holding companies accountable for misleading investors about their financial health and business prospects.