The complaint alleges that Netcapital violated the Securities Exchange Act of 1934 by disseminating false and misleading information to shareholders. Investigators suggest that the company utilized sham consulting contracts specifically designed to inflate revenue figures, effectively masking the true financial health of the business during the specified class period.
In section Releases
Netcapital Faces Securities Class Action Over Alleged Fraudulent Accounting
Investors who held Netcapital Inc. stock between December 15, 2021, and September 3, 2026, face a critical window to join a class action lawsuit. The DJS Law Group is currently organizing plaintiffs to address allegations that the NASDAQ-listed company misled the market through forged consulting agreements and undisclosed related-party transactions.
Shareholders who incurred financial losses have until December 7, 2026, to seek lead plaintiff status. While the DJS Law Group is spearheading the litigation, investors are not required to hold a lead position to qualify for potential recovery. The firm, headed by David J. Schwartz, specializes in corporate governance and securities litigation, representing a range of institutional investors and asset managers.
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