Lead Plaintiff Appointed in Firsthand Capital Management Class Action

Court: D. Maryland

Case: 1:25-cv-00677

Lead Plaintiff has been appointed to represent investors in the class action against Firsthand Capital Management.

What is this lawsuit about?

On November 14, 2023, Firsthand Capital Management revealed that two of its largest investments were worthless — contradicting prior asset valuations. Between January 2021 and November 2023, the firm allegedly inflated asset values to conceal mounting losses while charging excessive management fees.

Following this, SVVC dropped by 99%.

Then, on February 28, 2025, shareholders filed a claim against Firsthand Capital Management.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify SVVC investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.