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June 25, 2014
07:10 EDTPSECProspect Capital announces dismissal of all security class action complaints
Prospect Capital announced that all putative securities class action complaints against Prospect, John Barry III and Brian Oswald relating to Prospect's historical accounting have been voluntarily dismissed. On May 6, Prospect announced that Prospect disagreed with the initial position of the Securities and Exchange Commission Investment Management staff that Prospect's historical non-consolidation of certain wholly-owned holding companies required a restatement of Prospect's prior period financial statements, and Prospect intended to appeal through the SEC's Office of the Chief Accountant. In May, three putative securities class action complaints were filed based on the SEC staff's initial position that a restatement would be required. On June 10, Prospect announced that Prospect's historical financial statements would not need to be restated for holding company consolidation. Following that announcement, all three putative class plaintiffs voluntarily dismissed their lawsuits without prejudice.
News For PSEC From The Last 14 Days
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July 1, 2015
10:00 EDTPSECOn The Fly: Analyst Initiation Summary
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June 30, 2015
16:17 EDTPSECProspect Capital initiated with a Hold at Cantor
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