Deals
Kohlberg Capital Sued for Fraud Over Investment Value
This article is for subscribers only.
Kohlberg Capital Corp., the investment company taken public in 2006 by leveraged-buyout pioneer Jerome Kohlberg, was sued by an investor who says the company lied about the value of its portfolio.
Kohlberg Capital in March issued a false press release and annual report with the U.S. Securities and Exchange Commission, Dennis J. Angeleri of Muskegon, Michigan, said in his complaint filed today in federal court in New York. Kohlberg Capital put out a release last month saying it would delay its third-quarter results because the company’s auditor raised questions about its portfolio valuations, according to the complaint.