Got A Class Action? Kohlberg Capital Corporation

For every action there must be
an equal and opposite reaction

Dedicated to those that have been wronged,
who must take action.

Case Details for "Kohlberg Capital Corporation "

Kohlberg Capital Corporation named in securities class action lawsuit

A class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased or otherwise acquired stock of Kohlberg Capital Corporation (NASDAQ: KCAP) during the period between March 16, 2009 through and including December 24, 2009 (the "Class Period").

The Complaint charges that Kohlberg and two of its top executive officers violated the federal securities laws by issuing false and misleading financial statement during the Class Period. The Complaint alleges that defendants violated Generally Accepted Accounting Principles by failing to properly account for fair value of it investment portfolio. The Complaint further alleges that the Company misrepresented its efforts with its auditor, Deloitte and Touche LLP, to resolve issues regarding Kohlberg's fair value accounting. When these allegations came to light, the market value of Kohlberg securities dropped damaging investors.

Posted on: 01/04/2010
Company/Organization: Kohlberg Capital Corporation
Scope: Nationwide
Affected Class: Those that purchased stock between March 16, 2009 to December 24, 2009
Type of Case: Securities

Contact Us Regarding This Case:

First Name
Last Name
Email Address
Phone Number
State of Residence
Name of Company At Issue
Description / Explanation
Security Code Please enter the code provided in the text box to submit this form.