SOURCE: Bronstein, Gewirtz & Grossman, LLC

January 04, 2010 11:49 ET

Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Against Kohlberg Capital Corporation

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 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.

Contact Information

  • Contact:
    Peretz Bronstein or Eitan Kimelman
    Bronstein, Gewirtz & Grossman, LLC
    Email Contact