A lawsuit was filed on behalf of investors in Triangle Capital Corporation (NYSE:TCAP) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/14/2017 -- The Shareholders Foundation announces that an investor in NYSE:TCAP shares filed a lawsuit against Triangle Capital Corporation over alleged violations of Federal Securities Laws.
Investors who purchased shares of Triangle Capital Corporation (NYSE:TCAP) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff claims that between May 7, 2014 and November 1, 2017, the defendants failed to disclose that, as early as 2013, Triangle's investment professionals had internally recommended moving away from mezzanine loan deals due to changes in the market that no longer made these investments attractive risk-reward opportunities. As a result, the Company's entire vintage of 2014 and 2015 investments were at substantial risk of non-accrual because of the poor quality of the investments and deficient underwriting practices in place at the time of the investments, that as a consequence, Triangle's business, prospects and ability to maintain its dividend level were materially impaired, and that as a result of defendants' false statements and omissions between May 7, 2014 and November 1, 2017, the price of Triangle stock was artificially inflated, reaching a high of more than $28 per share.
Those who purchased shares of Triangle Capital Corporation (NYSE:TCAP) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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