LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Goldman v. Blue Owl Capital Inc., et al., Case No. 1:25-cv-10047, on behalf of persons and entities that purchased or otherwise acquired Blue Owl Capital Inc. (“Blue Owl” or the “Company”) (NYSE: OWL) securities between February 6, 2025 and November 16, 2025, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).
Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action.
IF YOU SUFFERED A LOSS ON YOUR BLUE OWL INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.
What Happened?
On October 30, 2025, before the market opened, Blue Owl reported financial results for the third quarter of 2025. Blue Owl reported, among other things, fee-related earnings of only $376.2 million, which missed consensus estimates; fee related earnings margins of 57.1%, which missed expectations by roughly 20 basis points; and performance revenue, which fell 33% year over year to only $188,000.
On this news, the Company’s share price fell $0.70 per share, or 4.23%, to close at $15.86 per share on October 30, 2025, on unusually heavy trading volume.
On November 5, 2025, after the market closed, Blue Owl’s business development companies (“BDCs”), Blue Owl Capital Corporation (“OBDC”) and Blue Owl Capital Corporation II (“OBDC II”) announced they had entered into a definitive merger agreement and that “OBDC II does not anticipate conducting additional tender offers prior to the merger.” Under the terms of the proposed merger, “shareholders of OBDC II will receive newly issued whole shares of OBDC for each share of OBDC II based on the exchange ratio determined prior to closing.” “The exchange ratio will be calculated based upon (i) the NAV [net asset value] per share of OBDC and OBDC II, each determined before merger close and (ii) the market price of OBDC common stock (‘OBDC Price’) before merger close.”
On this news, the Company’s share price fell $0.74 per share or 4.72%, to close at $14.95 per share on November 6, 2025, on unusually heavy trading volume.
Then, on November 16, 2025, the Financial Times published an article entitled “Blue Owl private credit fund merger leaves some investors facing 20% hit.” The article provided an interview with the chief financial officer of OBDC, Jonathan Lamm (“Lamm”), revealing that “If shareholders were to vote down the deal, [Lamm] acknowledged that Blue Owl Capital Corporation II might be forced to limit redemptions.”
The article further reported details of two critical aspects of the merger. First, OBDC II investors would indeed be blocked from making any redemptions until the merger completes in 2026. Second, as part of the merger, OBDC II shareholders would see the value of their investments fall by about 20%. The article affirmed Lamm “conceded . . . that at current prices, the investors in Blue Owl Capital Corporation II could take a potential haircut on their investments.”
On this news, the Company’s share price fell $0.85 per share, or 5.8%, to close at $13.77 per share on November 17, 2025, on unusually heavy trading volume.
On November 19, 2025, Blue Owl announced the termination of the proposed merger, citing “current market conditions.”
What Is the Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Blue Owl was experiencing a meaningful pressure on its asset base from BDC redemptions; (2) that, as a result, the Company was facing undisclosed liquidity issues; (3) that, as a result, the Company would be likely to limit or halt redemptions of certain BDCs; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you purchased or otherwise acquired Blue Owl securities during the Class Period, you may move the Court no later than 60 days from the date of this notice to ask the Court to appoint you as lead plaintiff.
Contact Us to Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.
Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
