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Securities Law News By Jennifer BennettFeb. 22, 2021, 5:43 PMAny intent inference from al...

Triangle Capital Beats Investor Bid to Revive Securities Suit – Bloomberg Law

Securities Law News By Jennifer BennettFeb. 22, 2021, 5:43 PMAny intent inference from allegations ‘exceptionally weak’Can’t tie later statements to ‘contemporaneous knowledge’Triangle Capital Corp. remains free of a would-be class suit alleging it misled investors about risks after the Fourth Circuit on Monday affirmed the lower court’s dismissal of the case with prejudice.The business development company’s shareholders didn’t raise a strong inference that Triangle Capital—known as Barings BDC Inc. since a 2018 transaction—acted with the state of mind needed for …

 

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