FS KKR Capital Sued in Securities Class Action as Firms Seek Lead Plaintiff

Overview

• Two plaintiff firms, The Schall Law Firm and The Rosen Law Firm, announced a filed class action against FS KKR Capital Corp.
• The complaint alleges violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5.
• Plaintiffs say FSK overstated the success of its portfolio restructuring, inflated investment values and its valuation process, and overstated the durability of its quarterly dividend.
• The proposed class period runs from May 8, 2024 through February 25, 2026, and the deadline to seek lead-plaintiff status is July 3, 2026.
• No class has been certified yet, and a lead plaintiff serves as the representative who helps direct the litigation on behalf of investors.