Did You Lose Money Investing in Netcapital (NCPL)?
A securities class action has been filed on behalf of all persons who purchased or otherwise acquired publicly-traded securities of Netcapital Inc. (“Netcapital” or the “Company”) (NASDAQ: NCPL) between December 15, 2021 and September 3, 2026, both dates inclusive (the “Class Period”).
The action, Chance v. Netcapital Inc., et al., Case No. 1:26-cv-14584, was filed on October 8, 2026 in the U.S. District Court for the District of Massachusetts, and asserts claims pursuant to Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder.
What Does the Netcapital Securities Class Action Allege?
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: 1) Netcapital improperly recognized material revenues from what were, in reality, sham consulting agreements with entities controlled by Defendant John Fanning; 2) the consulting agreements were backdated and in some cases forged, and Netcapital Advisors provided little if any meaningful consulting services; 3) the Portfolio Company transactions were improperly undisclosed related-party transactions involving John Fanning; 4) Netcapital’s certifications pursuant to the Sarbanes-Oxley Act of 2002 were false; and 5) as a result, Defendants’ statements about Netcapital’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
December 7, 2026 Lead Plaintiff Deadline
Netcapital investors have until December 7, 2026 to move the Court to seek appointment as lead plaintiff. Investors do not need to seek appointment as lead plaintiff to remain a member of the proposed class.
Netcapital Investors: Contact Kehoe Law Firm
If you purchased Netcapital securities during the Class Period and suffered financial losses, you are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to learn more about the class action and your legal rights.
For a free, no-obligation legal evaluation, contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and ERISA and retirement-plan litigation. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.
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