Contact Information: Contact: Peretz Bronstein or Eitan Kimelman Bronstein, Gewirtz & Grossman, LLC 212-697-6484
Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Against Kohlberg Capital Corporation
| Source: Bronstein, Gewirtz & Grossman, LLC
NEW YORK, NY--(Marketwire - January 4, 2010) - Bronstein, Gewirtz & Grossman, LLC announces
that a class action has been filed in the United States District Court for
the Southern District of New York on behalf of those who purchased or
otherwise acquired stock of Kohlberg Capital Corporation ("Kohlberg" or the
"Company") (NASDAQ : KCAP ) during the period between March 16, 2009 through
and including December 24, 2009 (the "Class Period").
The Complaint charges that Kohlberg and two of its top executive officers
violated the federal securities laws by issuing false and misleading
financial statement during the Class Period. The Complaint alleges that
defendants violated Generally Accepted Accounting Principles by failing to
properly account for fair value of it investment portfolio. The Complaint
further alleges that the Company misrepresented its efforts with its
auditor, Deloitte and Touche LLP, to resolve issues regarding Kohlberg's
fair value accounting. When these allegations came to light, the market
value of Kohlberg securities dropped damaging investors.
No Class has yet been certified in the above action. If you wish to review
a copy of the Complaint, to discuss this action, or have any questions,
please contact either Peretz Bronstein or Eitan Kimelman of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing address
and telephone number. March 1, 2010 is the deadline for investors to seek a
lead plaintiff appointment.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf
of our clients. In addition to representing institutions and other
investor plaintiffs in class action security litigation, the firm's
expertise includes general corporate work, private securities offerings,
and securities arbitration.