Hercules Capital(US:HTGC) Businesswire·2026-03-23 15:22Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Hercules Capital, Inc. (HTGC) and reminds investors of the May 19, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company [2][4]. Group 1: Allegations Against Hercules Capital - The complaint alleges that Hercules Capital and its executives violated federal securities laws by making false and misleading statements and failing to disclose critical information regarding their due diligence processes and portfolio valuations [4]. - Specific allegations include overstating the due diligence in deal sourcing and loan origination, misclassifying portfolio investments, and misrepresenting portfolio valuations [4]. - A report from Hunterbrook Media claims that the company's deal sourcing process was inadequate, relying heavily on external sources like Google Ventures without conducting proper due diligence [5][6]. Group 2: Impact on Stock Price - Following the publication of the report on February 27, 2026, Hercules Capital's stock price fell by $1.22, or 7.9%, closing at $14.21 per share, with unusually high trading volume [6]. Group 3: Legal Proceedings - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of class members, overseeing the litigation on behalf of the class [7]. - Faruqi & Faruqi encourages anyone with information regarding Hercules Capital's conduct to contact the firm, including whistleblowers and former employees [8].