Portnoy Law Firm Announces Class Action on Behalf of Netcapital, Inc. Investors

By GlobeNewswire

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

Attorney Advertising


Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.