{"id":960909,"date":"2026-05-11T16:11:11","date_gmt":"2026-05-11T20:11:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fsk-shareholder-alert-fs-kkr-capital-corp-securities-class-action-lawsuit-investors-with-losses-may-contact-levi-korsinsky\/"},"modified":"2026-05-11T16:11:11","modified_gmt":"2026-05-11T20:11:11","slug":"fsk-shareholder-alert-fs-kkr-capital-corp-securities-class-action-lawsuit-investors-with-losses-may-contact-levi-korsinsky","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fsk-shareholder-alert-fs-kkr-capital-corp-securities-class-action-lawsuit-investors-with-losses-may-contact-levi-korsinsky\/","title":{"rendered":"FSK Shareholder Alert: FS KKR CAPITAL CORP. Securities Class Action Lawsuit – Investors With Losses May Contact Levi & Korsinsky"},"content":{"rendered":"

\nImportant Information Regarding Section 20(a) Individual Liability Claims: FSK’s CEO and CFO Allegedly Certified Financial Statements That Overstated Portfolio Values by Hundreds of Millions While Non-Accrual Investments Deteriorated
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NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP alerts investors in FS KKR Capital Corp. (NYSE: FSK) that two senior executives are named as individual defendants in a securities class action covering purchases between May 8, 2024 and February 25, 2026.\u00a0Find out if you qualify to recover losses<\/u><\/a> or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/u><\/a> | (212) 363-7500.<\/p>\n

FSK shares fell $2.03 per share (15.24%) on February 26, 2026, closing at $11.29 after corrective disclosures revealed ongoing portfolio deterioration and a dividend cut from $0.70 to $0.48 per share. The Court has set July 6, 2026 as the deadline to apply for lead plaintiff appointment.<\/p>\n

\n The Named Individual Defendants<\/strong>\n <\/p>\n

The securities action names Michael C. Forman, Chief Executive Officer and Chairman, and Steven Lilly, Chief Financial Officer, as individual defendants alongside FS KKR Capital Corp. Both executives served in their respective roles throughout the entire Class Period and allegedly possessed the power and authority to control the contents of the Company’s SEC filings, press releases, and investor presentations.<\/p>\n

\n Section 20(a) Control Person Framework<\/strong>\n <\/p>\n

Section 20(a) of the Securities Exchange Act of 1934 imposes liability on individuals who control entities that violate Section 10(b). The complaint contends that Forman and Lilly, by virtue of their senior positions, had direct access to material non-public information about the deteriorating portfolio and the authority to prevent or correct the Company’s alleged misrepresentations. As the two most senior officers, they allegedly directed the content of every quarterly earnings release and SEC filing issued during the Class Period.<\/p>\n

\n Sarbanes-Oxley Certification Obligations<\/strong>\n <\/p>\n

The lawsuit asserts that both executives personally certified the accuracy of the Company’s quarterly and annual SEC filings under Sections 302 and 906 of the Sarbanes-Oxley Act. These certifications stated:<\/p>\n