Pomerantz Law Firm Investigates Claims Against Horizon Technology Finance Corporation
NEW YORK, NY – In a recent press release, Pomerantz LLP announced that it is investigating potential securities fraud claims on behalf of investors of Horizon Technology Finance Corporation (“Horizon” or the “Company”) (NASDAQ: HRZN).
Background
Horizon Technology Finance Corporation is a business development company (“BDC”) that provides debt and equity financing to technology, life sciences, healthcare, and clean technology companies. The Company’s investment objective is to maximize total return to its stockholders in the form of current income and capital appreciation.
Investigation Details
The investigation concerns whether Horizon and certain of its officers and/or directors have engaged in securities fraud, breached their fiduciary duties, or violated other state or federal laws. Specifically, the investigation focuses on whether the Company and its executives made false and/or misleading statements and/or failed to disclose: (i) the true financial condition of the Company’s portfolio companies; (ii) the impact of the COVID-19 pandemic on the Company’s business and operations; and (iii) the Company’s internal controls and risk assessment practices.
Impact on Investors
If the investigation reveals that Horizon and its executives have engaged in securities fraud or other unlawful business practices, affected investors may be entitled to recover their losses through a securities class action lawsuit. The investigation may also result in regulatory action against the Company and its executives.
Impact on the World
The investigation of Horizon Technology Finance Corporation is a significant development in the world of business and securities law. If the allegations are proven true, it could have far-reaching consequences for the BDC industry and the broader financial markets. It may also serve as a reminder of the importance of transparency and integrity in corporate reporting and governance.
Conclusion
Pomerantz LLP’s investigation of Horizon Technology Finance Corporation raises important questions about the financial health and reporting practices of the Company and its executives. Affected investors are encouraged to contact Pomerantz LLP to discuss their potential legal rights. The outcome of this investigation could have significant implications for the BDC industry and the financial markets as a whole.
- Pomerantz LLP is investigating potential securities fraud claims against Horizon Technology Finance Corporation.
- The investigation concerns possible false and/or misleading statements and failure to disclose.
- Affected investors may be entitled to recover losses through a securities class action lawsuit.
- The investigation could result in regulatory action against the Company and its executives.
- The outcome of the investigation may have far-reaching consequences for the BDC industry and financial markets.
