NEW YORK, June 6, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Prospect Capital Corporation ("Prospect Capital" or the "Company") (Nasdaq:PSEC) securities between August 21, 2013 and May 6, 2014.
For more information, click here: http://zlk.9nl.com/prospect-capital-psec.
On May 6, 2014, the Company disclosed that the U.S. Securities and Exchange Commission has alerted Prospect Capital that some of the Company's wholly owned companies are investment companies for accounting purposes, and are required to be consolidated. Prospect Capital also announced that it may have to restate its prior financial statements to resolve the issue, and that this would likely decrease the Company's historical net investment income.
If you suffered a loss in Prospect Capital you have until July 28, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/prospect-capital-psec.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP