Hagens Berman Reminds Triangle Capital Corporation Investors of the January 22, 2017 Lead Plaintiff Deadline in the Securities Class Action Connected to Admitted Poor Credit Quality of Triangle’s Investments
SAN FRANCISCO, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Triangle Capital Corporation (NYSE:TCAP) of the January 22, 2017 Lead Plaintiff deadline in the pending securities class action. If you purchased or otherwise acquired securities of Triangle Capital Corporation between May 7, 2014 and November 1, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/TCAP
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On November 1, 2017, Defendants reported significant credit quality problems with Triangle’s investments and admitted senior management previously ignored internal investment advice to move away from riskier mezzanine structures and into lower yielding, more secure, investments. The revelation appears to contradict earlier statements concerning Triangle’s underwriting and investment valuation practices and drove the price of Triangle shares down $2.57, or about 21%, to close at $9.68 on November 2, 2017.
“We’re focused on the admittedly ignored internal investment advice and undisclosed credit quality issues that, when revealed, significantly damaged investors and may explain why Triangle recently retained an advisor to explore strategic alternatives,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Triangle should consider their options to help in the investigation or take advantage of the SEC whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email TCAP@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
