Portnoy Law Firm Announces Class Action on Behalf of Netcapital, Inc. Investors
LOS ANGELES, Oct. 14, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Netcapital, Inc., (“Netcapital” or the "Company") (NASDAQ: NCPL) investors of a class action on behalf of investors that bought securities between December 15, 2021 and September 3, 2026, inclusive (the “Class Period”). Netcapital investors have until December 7, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/netcapital-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
A shareholder class action lawsuit has been instituted against Netcapital Inc. alleging that defendants published false and misleading statements while concealing significant adverse operational facts. Specifically, the complaint claims that: (1) throughout the Class Period, Netcapital improperly recorded material revenues generated from fraudulent consulting arrangements with entities managed by Defendant John Fanning; (2) these agreements were backdated or forged, with Netcapital Advisors performing minimal to no legitimate consulting work; (3) transactions involving Portfolio Companies constituted unrevealed related-party dealings with John Fanning; (4) Netcapital’s formal Sarbanes-Oxley Act certifications were inherently false; and (5) consequently, management's public assertions regarding Netcapital’s operations, underlying business health, and financial trajectory were materially deceptive and lacked a reasonable factual foundation throughout the relevant timeframe.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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