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Did You Lose Money Investing in Hercules Capital, Inc.? Robbins LLP Urges Investors with Significant Losses to Contact the Firm for Information About Their Rights Against HTGC
Globenewswire· 2026-04-01 00:24
Core Viewpoint - A class action has been filed against Hercules Capital, Inc. for allegedly misleading investors regarding its due diligence in deal sourcing, loan origination, and portfolio valuation [1][2]. Group 1: Class Action Details - The class period for the action is from May 1, 2025, to February 27, 2026 [2]. - Allegations include overstating due diligence in deal sourcing and loan origination, misclassifying portfolio investments, and misrepresenting portfolio valuations [2]. Group 2: Impact of Allegations - A report published by Hunterbrook Media on February 27, 2026, questioned Hercules Capital's valuation processes and claimed that the company marked its software debt at "100 cents on the dollar" despite significant industry distress [3]. - Following the report, Hercules Capital's stock price dropped by $1.22, or 7.9%, closing at $14.21 per share on the same day [3]. Group 3: Shareholder Actions - Shareholders interested in participating as lead plaintiffs must submit their papers by May 19, 2026 [4]. - Shareholders can choose to remain absent class members without participating in the case [4].