Invested in
TriplePoint Venture Growth BDC?
Attention TriplePoint Venture Growth shareholders: contact investor rights lawyers for a free evaluation of your potential claims for compensation today.
- Did you acquire shares of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) in or before March 2020 and do you still hold your TriplePoint Venture shares?
- Are you concerned about the recent performance of TriplePoint’s stock price?
- Are you concerned about the conduct of TriplePoint’s officers and directors related to TriplePoint Venture’s allegedly overstated financial and operational information?
- Would you like your potential options for compensation and/or redress to be reviewed by an experienced team of investor lawyers?
Request a free case evaluation of your potential claims for compensation today, via email at arosca@rscounsel.law, through the contact form on this page, or by calling 888-998-0530.
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Posted November 13, 2023
TriplePoint Venture Class Action Investigation
Securities attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner have been investigating potential securities violations and corporate misconduct, as well as questionable investment strategy involving TriplePoint Ventures and have identified potential areas of concern for TriplePoint investors.
What TriplePoint Investors May Do
TPVG investors interested in an evaluation of their potential options to seek compensation and/or pursue claims related to their TriplePoint investment may contact investor rights attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner. Claims that are not timely pursued may expire or otherwise be lost, generally speaking.
Get in Touch with an Experienced Team of Investor Attorneys
Attorneys Rosca, Scarlato, and Weidner have extensive experience in seeking compensation related to investor harm and pursuing claims arising out of alleged violations of securities law and/or corporate misconduct, and are currently evaluating potential claims on behalf of investors in TriplePoint Venture.
They typically work on a contingent fee basis, do not require any money down from their clients, advance case expenses, and only get paid for their fees and expenses if and when successful, following review and approval by the Court of any fee application.
Concerned TPVG stock investors may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to discuss their potential options toll free at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Potential Compensation Claims
Has TriplePoint Been Accused of Misconduct?
TriplePoint Venture and some of its control persons, have been the subject of a class action lawsuit, filed in the United States District Court for the District of Northern California.
TriplePoint Venture and several of its control persons have been accused in the class action lawsuit of, among others, violating securities laws by allegedly making materially false and/or misleading statements and failing to disclose materially adverse facts about the strength of TriplePoint’s various portfolio companies and loan book. According to the complaint, TriplePoint made false statements regarding the viability of its investment strategy. The case is pending as of the date of this blog.
What Happened to TriplePoint’s Stock Price?
On May 2, 2023, a research company and short seller known as The Bear Cave published a report (“Report”) alleging, amongst others, that TriplePoint is “encumbered by high fees, weak management, and a weaker loan book saddled by portfolio company bankruptcies and upside-down startups.” The Report also alleges that TriplePoint’s equity “may be severely impaired, if it has any value at all.”
Following the publication of the Report, TriplePoint’s stock price reportedly fell $1.19 per share, or 9.98%, over the following two trading sessions, to close at $10.73 per share on May 3, 2023. Data by Yahoo Finance show that TPVG shares closed at $9.30 per share on October 26, 2023, immediately before the publication of the TriplePoint Venture Q3 report on November 1, 2023.
Potential Compensation Claims
Were There Problems with TriplePoint’s Financial Reporting?
According to the ongoing class action complaint, TriplePoint through its control persons, allegedly reported materially false statements during the Q4 2022 Earnings Call regarding the progress of the company’s investment portfolio during 2022.
Do TriplePoint Shareholders Have Claims for Compensation?
Investor rights attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner at Rosca Scarlato are investigating potential options and evaluating potential claims for compensation and/or other redress on behalf of TriplePoint shareholders whose share value dropped following the alleged “weak management, and a weaker loan book saddled by portfolio company bankruptcies and upside-down startups.” The Rosca Scarlato attorneys have decades of combined experience representing victims of corporate or financial misconduct.
If you are a current TriplePoint investor who acquired TPVG shares in or before March 2020 are concerned about the drop in the value of your investment, you may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to learn more about your rights and for an evaluation of your potential claims, or to provide useful information.
All consultations are free. The Rosca Scarlato attorneys typically take cases like this on a contingency fee basis, advance all case costs, and only get paid for their fees and expenses if and when they are successful, following review and approval by the Court of any fee application.
To reach attorney Alan Rosca or his colleagues, TriplePoint investors may call 888-998-0530, email arosca@rscounsel.law, or leave a message through the contact form on this webpage.
The general considerations on this page are for informational purposes only and do not constitute legal advice. Such legal advice can only be offered once the attorneys discuss each investor’s situation, learn of the relevant facts and can tailor any advice to that investor’s facts. The TriplePoint Class Action Investigation page is not affiliated with TriplePoint Venture Growth BDC Corp. There has not been an adjudication on the merits of any allegations referenced in this blog post, as of the date of the posting.
Contact info:
Rosca Scarlato LLC – 216-946-7070 / 888-998-0530.
Alan Rosca – arosca@rscounsel.law
Paul Scarlato – pscarlato@rscounsel.law
Kathryn Weidner – kweidner@rscounsel.law
Recent Investigations
DISCLAIMER
In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.
