The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Triplepoint Venture Growth BDC Corp. (NYSE: TPVG) who purchased securities between March 4, 2020 and May 1, 2023. The action, which was filed in the United States District Court for the Northern District of California, alleges that the Company violated federal securities laws.
In particular, the Triplepoint lawsuit alleges that (i) TriplePoint had overstated the strength of its various portfolio companies and loan book, as well as the viability of its overall investment strategy; (ii) the foregoing, once revealed, was likely to have a material negative impact on the Company’s financial position and/or prospects; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until August 15, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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