Sector$NCPL8:55 AM ET

Class action lawsuit filed against Netcapital over alleged revenue fraud

By BORSA NewsroomPublished Oct 20, 2026, 8:55 AM EDTUpdated Oct 20, 2026, 8:56 AM EDT

Wolf Haldenstein announces a class action against Netcapital (NCPL) for allegedly recognizing revenue from sham, backdated consulting agreements with entities tied to John Fanning. The SEC filed a related complaint in August. Lead-plaintiff deadline is December 7, 2026.

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WHAT WE KNOW

Class action lawsuit filed on behalf of Netcapital shareholders