Triangle Capital Corporation (NYSE: TCAP)

DEFENDANT NAME: Triangle Capital Corporation
STOCK SYMBOL: NYSE: TCAP
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the Eastern District of North Carolina
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: May 7, 2014 - November 1, 2017
LEAD PLAINTIFF DEADLINE: January 22, 2017
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 TCAP@hbsslaw.com

Hagens Berman Sobol Shapiro LLP reminds investors in Triangle Capital Corporation (NYSE: TCAP) of the Lead PLaintiff deadlin in the securities class action in the U.S. Distrcit Court for the Eastern District of North Carolina.  The Lead Plaintiff deadline is January 22, 2018.

If you purchased or otherwise acquired securities of TCAP between May 7, 2014 and November 1, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing TCAP@hbsslaw.com.

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.


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11/27/17: Investigation