Blue Owl Capital (US:OWL) Businesswire·2025-12-09 17:07Core Viewpoint - A class action lawsuit has been filed against Blue Owl Capital Inc. for allegedly misleading shareholders regarding the company's financial health and operations during the specified class period from February 6, 2025, to November 16, 2025 [1][8]. Financial Performance - On October 30, 2025, Blue Owl reported third-quarter financial results, revealing fee-related earnings of $376.2 million, which fell short of consensus estimates, and a fee-related earnings margin of 57.1%, missing expectations by approximately 20 basis points [3]. - Performance revenue decreased by 33% year-over-year, amounting to only $188,000 [3]. - Following the earnings report, the company's share price dropped by $0.70, or 4.23%, closing at $15.86 on October 30, 2025, with unusually high trading volume [4]. Merger Developments - On November 5, 2025, Blue Owl's business development companies announced a definitive merger agreement, stating that OBDC II would not conduct additional tender offers prior to the merger [5]. - The share price fell by $0.74, or 4.72%, to close at $14.95 on November 6, 2025, also on unusually high trading volume [5]. - An article published on November 16, 2025, indicated that OBDC II investors could face a 20% reduction in investment value and would be blocked from redemptions until the merger's completion in 2026 [6]. - Following this news, the share price declined by $0.85, or 5.8%, closing at $13.77 on November 17, 2025, with heavy trading volume [6]. Lawsuit Allegations - The class action lawsuit alleges that Blue Owl's management made materially false and misleading statements and failed to disclose significant adverse facts about the company's business and operations [8]. - Specific allegations include undisclosed pressures on the asset base from BDC redemptions, undisclosed liquidity issues, and the likelihood of limiting or halting redemptions of certain BDCs [8].