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CASES

Kohlberg Capital Corporation

Class Period: Mar 16, 2009 to Dec 24, 2009

Lead Plaintiff Deadline: Mar 1, 2010 + Deadline passed

Summary of Case:

A securities class action has been filed against Kohlberg Capital Corporation (KCAP) ("Kohlberg" or the "Company") on behalf of all securities purchasers from March 16, 2009 through December 24, 2009, inclusive ("Class Period"), in the United States District Court for the Southern District of New York.

The complaint alleges that on December 15, 2009 Kohlberg announced that its financial statements for the fiscal year ended December 31, 2008 and the first two quarters of 2009 should no longer be relied upon, as a result of potentially improper valuation of its loan portfolio. Kohlberg's auditor, Deloitte and Touche LLP, have stated that Kohlberg has not provided requested information to support the valuation of the loan portfolio and that the information on which the valuations were based was incomplete and inaccurate. Kohlberg has admitted that the true fair value of the Company's loan portfolio investments is materially less than as reported on its prior financial statements.

This adverse news has caused the price of the Company's stock to drop, damaging investors.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.