NEW ORLEANS, Dec. 15, 2017 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until January 22, 2018 to
file lead plaintiff applications in a securities class action
lawsuit against Triangle Capital Corporation (NYSE: TCAP), if they
purchased the Company's shares between May
7, 2014 and November 1, 2017,
inclusive (the "Class Period"). This action is pending in
the United States District Court
for the Southern District of New
York.
Get Help
Triangle Capital investors should visit us at
https://www.claimsfiler.com/cases/view-triangle-capital-corporation-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Triangle Capital and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
On November 1, 2017, Triangle
revealed a decline in the fair value of its investment portfolio of
nearly 7%, $8.9 million in net
realized losses and $65.8 million in
net unrealized depreciation for the quarter. Further, seven
investments were moved to full non-accrual status and investments
on non-accrual had ballooned to 13.4% and 4.7% of Triangle's total
portfolio at cost and fair value, respectively.
On this news, the price of Triangle shares plummeted nearly 21%,
or $2.57 per share.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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