NEW YORK, June 2, 2023 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of TriplePoint Venture Growth BDC Corp. TPVG resulting from allegations that TriplePoint may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased TriplePoint securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=15759 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
WHAT IS THIS ABOUT: On May 2, 2023, the Bear Cave released a report highlighting issues at TriplePoint Venture Growth BDC Corp. alleging that “TriplePoint is encumbered by high fees, weak management, and a weaker loan book saddled by portfolio company bankruptcies and upside-down startups,” and stateD that “the Bear Cave believes TriplePoint’s equity may be severely impaired, if it has any value at all.”
On this news, TriplePoint’s stock fell $0.95 per share, or over 7.9%, to close at $ 10.97 per share on May 2, 2023.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm…