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LOS ANGELES, May 04, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises TriplePoint Venture Growth BDC Corp. ("TriplePoint" or "the Company") (NYSE:TPVG) investors that the firm has initiated an investigation into possible alleged securities violation and may file a class action on behalf of investors. TriplePoint investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.
The inquiry is centered on whether the Company provided investors with inaccurate or misleading statements and/or neglected to reveal crucial information. On May 2, 2023, TriplePoint was the subject of a report by Bear Cave. The report stated that TriplePoint is burdened by exorbitant fees, poor management, and a weak loan book that has been affected by bankruptcies and unsuccessful startups in its portfolio. Bear Cave also expressed its opinion that TriplePoint's equity might be significantly diminished or possibly worthless. Following this announcement, TriplePoint's shares plummeted by nearly 7.9% on the same day.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.