Grabar Law Office has been featured in Law360 in connection with a shareholder derivative action filed on behalf of Blue Owl Capital Inc. (NYSE: OWL).
The action was filed in the U.S. District Court for the Southern District of New York on behalf of Blue Owl against certain current and former officers and directors of the Company. The complaint alleges breaches of fiduciary duties and violations of federal securities laws.
According to the complaint, Blue Owl’s direct-lending business represented a significant portion of the Company’s assets under management. The complaint alleges that, during the relevant period, certain officers and directors made or permitted allegedly misleading statements regarding Blue Owl’s financial results, prospects and liquidity, while the Company was allegedly experiencing pressure on its asset base from increasing redemptions at its business development companies.
The complaint alleges that the issues began to emerge when Blue Owl reported third-quarter 2025 results on October 30, 2025, including fee-related earnings below consensus estimates. It further alleges that Blue Owl subsequently announced a proposed merger between publicly traded Blue Owl Capital Corporation (“OBDC”) and private Blue Owl Capital Corporation II (“OBDC II”), while disclosing that OBDC II did not anticipate conducting additional tender offers before completion of the proposed transaction.
The complaint further alleges that a November 16, 2025 Financial Times report disclosed that OBDC II shareholders could face limitations on redemptions and an approximately 20% reduction in the value of their investments in connection with the proposed merger. Blue Owl subsequently announced the termination of the merger on November 19, 2025.
Read the Law360 article: “Blue Owl Brass Sued Over BDC Liquidity Woes.” Blue Owl Brass Sued Over BDC Liquidity Woes – Law360
