Blue Owl Investors Face Feb. 2 Deadline in Securities Class Action Over BDC Redemption Disclosures
Plaintiffs allege the asset manager hid liquidity strain tied to business development company redemptions.
Overview
- Investors seeking to lead the case must move by February 2, 2026, covering Blue Owl securities purchased between February 6 and November 16, 2025.
- Law firms including Glancy Prongay & Murray, Levi & Korsinsky, Rosen Law Firm, the Gross Law Firm, and Kirby McInerney are soliciting shareholders, noting that no class has been certified.
- The complaint asserts Blue Owl faced undisclosed liquidity issues and was likely to limit or halt redemptions at certain BDCs, rendering positive statements misleading.
- A November 16 Financial Times report said Blue Owl blocked withdrawals at a private credit fund pending a merger that would replace NAV redemptions with public shares trading below NAV, after which OWL fell as much as 6% intraday on November 17.
- Plaintiffs also cite an October 30 earnings release followed by a roughly 4% drop and a November 5 BDC merger announcement followed by an almost 5% decline.