SAN DIEGO, CA / ACCESSWIRE / January 16, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Capitala Finance Corp. (NASDAQ: CPTA) shares.
Investors who purchased shares of Capitala Finance Corp. (NASDAQ: CPTA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On January 4, 2016, Capitala Finance Corp. announced that Capitala Investment Advisors, LLC ("Capitala Investment Advisors"), the affiliate that manages the Company's investment activities, had agreed to waive its quarterly incentive fee.
On August 7, 2017, Capitala Finance Corp. disclosed that six of its investments were on non-accrual status - twice as many as in the previous quarter.
On August 8, 2017, Capitala Finance Corp. disclosed 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.
On December 28, 2017, a securities class action lawsuit was filed Capitala Finance Corp. over alleged violations of Federal Securities Laws. The plaintiff alleges that the defendants made false and/or misleading statements and/or 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, that such loss of talent negatively impacted the quality of the Company's investment portfolio, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased Capitala Finance Corp. (NASDAQ: CPTA) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
