Capitala Finance Corporation
2 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Capitala Finance Corporation|
|Stock Symbol :||NASDAQ: CPTA|
|Class Period Start:||01/04/2016|
|Class Period End:||08/07/2017|
|Lead Plaintiff motion:||02/26/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Central District of California|
Thieler Law Corp advises investors with losses exceeding $100,000 of the February 26, 2018 lead plaintiff deadline in a class action lawsuit filed against Capitala Finance Corporation (NASDAQ: CPTA) (“Capitala” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Capitala Finance Corporation securities between January 4, 2016, and August 7, 2017, have until February 26, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased Capitala Finance Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing firstname.lastname@example.org . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Capitala Investment Advisors had been losing professional talent in both underwriting and portfolio management due to the waiving of its incentive fee; such loss of talent negatively impacted the quality of the Company's investment portfolio; and as a result, the Company's public statements were materially false and misleading at all relevant times.
On January 4, 2016, the Company revealed that Capitala Investment Advisors, LLC, had agreed to waive its quarterly incentive fee.
On August 7, 2017, the Company revealed that six of its investments were on non-accrual status, twice as many as in the previous quarter.
On August 8, 2017, the Company revealed that Capitala Investment Advisors had been losing professional talent in underwriting and portfolio management since waiving its incentive fee, which had caused an increase in the number of the Company's nonaccrual investments.
Following this news, NASDAQ:CPTA dropped nearly 30%, over the next three trading days to close at $8.99 on August 10, 2017.
If you were negatively impacted by your investment in Capitala Finance Corporation securities between January 4, 2016, and August 7, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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Thieler Law Corp
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