Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF FS KKR CAPITAL CORP. (NYSE: FSK)

GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF FS KKR CAPITAL CORP. (NYSE: FSK)

Grabar Law Office is investigating claims on behalf of shareholders of FS KKR Capital Corp. (NYSE: FSK). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invests primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seeks to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor.

 

WHY? A recently filed federal securities fraud class action complaint alleges that FS KKR Capital Corp. (NYSE: FSK) and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company overstated the effectiveness of its portfolio restructuring efforts for its nonaccrual companies; (2) the Company overstated the valuation of its portfolio investments and/or overstated the effectiveness of the Company’s portfolio valuation process; (3) the Company overstated the durability of its quarterly distribution strategy; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.


WHAT YOU CAN DO NOW: If you have held FS KKR Capital Corp. (NYSE: FSK), shares since prior to May 8, 2024, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Alternatively, if you purchased your shares between May 8, 2024, and February 25, 2026, you can participate in the class action.

Please enter your name.
Please enter a valid phone number.
Please enter a message.
  • This field is for validation purposes and should be left unchanged.
  • Join This Action

  • Alternatively, you may upload your transactions using the upload button below or email them to jgrabar@grabarlaw.com. *

  • Drop files here or
    Max. file size: 512 MB.
    • Clear Signature
      Signed pursuant to California Civil Code Section 1633.1, et seq. and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.
    • Date of signing: *

    • MM slash DD slash YYYY