Blue Owl Class Action Lawsuit: 8 Frequently Asked Questions

Introduction to the Blue Owl Class Action Lawsuit

The Blue Owl Class Action Lawsuit seeks to represent purchasers or acquirers of Blue Owl Capital Inc. (NYSE: OWL) securities between February 6, 2025 and November 16, 2025, inclusive (the “Class Period”). Captioned Goldman v. Blue Owl Capital Inc., No. 25-cv-10047 (S.D.N.Y.), the Blue Owl Class Action Lawsuit charges Blue Owl and certain of Blue Owl’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Blue Owl Class Action Lawsuit or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at [email protected].

Lead plaintiff motions for the Blue Owl Class Action Lawsuit must be filed with the court no later than February 2, 2026.

1. Who Is Affected by the Blue Owl class action lawsuit?

Purchasers or acquirers of Blue Owl Capital Inc. (NYSE: OWL) securities between February 6, 2025, and November 16, 2025, inclusive (the “Class Period”)

2. How Does it Work?

• A lawsuit is initiated by one or more investors, called the “lead plaintiffs,” on behalf of a larger group of investors, or the “class”.

• The “class period” is defined as the specific timeframe during which the alleged fraudulent activity took place. Only those who bought or sold the security during this period are eligible to participate.

• A lead plaintiff is appointed to represent the class. Under the Private Securities Litigation Reform Act (PSLRA), the court will typically appoint the investor with the largest financial interest in the outcome of the case.

• The case is litigated, which may include a lengthy discovery phase for gathering evidence.

• The case can be settled or go to trial. Most class actions are resolved through settlements, which can include cash or stock paid into a common fund for the class. The lead plaintiff and class counsel approve any settlement before it is finalized.

3. What Do the Plaintiffs Have to Prove in the Blue Owl class action lawsuit?

To succeed in a federal securities fraud class action, plaintiffs must prove several elements:

• Material misstatement or omission: The company made a false or misleading statement or failed to disclose a material fact.

• Scienter: The defendant acted with an intent to deceive, manipulate, or defraud.

• Reliance: The plaintiff relied on the misstatement or omission when buying or selling the security. For publicly traded securities, this can be proven through the “fraud-on-the-market” theory, which presumes the market price reflects all public, material information.

• Economic loss: The plaintiff suffered a financial loss.

• Loss causation: The company’s misstatement or omission directly caused the plaintiff’s loss, often demonstrated by a stock price drop after the truth is revealed in a “corrective disclosure”

4. What Are the Benefits for Investors in Joining the Blue Owl class action lawsuit?

• Participating in a class action allows investors to pool their resources, which offers leverage they would not have in an individual lawsuit against a large corporation.

• The collective approach also makes it more efficient and cost-effective to pursue legal action, especially for smaller investors.

5. How Do I Get Involved in the Blue Owl class action lawsuit?

• If you bought a security during the alleged class period and suffered a loss, you are generally automatically included in the class. You don’t have to take any action unless you want to file a claim for recovery later.

• You may be notified of a class action by mail if you are an eligible class member.

• You may be able to become a lead plaintiff by applying within 60 days of the first lawsuit being announced.

• If you believe you may have a claim, you can contact a securities class action law firm for guidance. 

6. What Are the Allegations in the Blue Owl class action lawsuit?

Overview

Blue Owl is an alternative asset manager.

False and Misleading Statements

The Blue Owl Class Action Lawsuit alleges that throughout the Class Period defendants failed to disclose that:

• Blue Owl was experiencing a meaningful pressure on its asset base from business development company (“BDC”) redemptions;

• As a result, Blue Owl was facing undisclosed liquidity issues; and (iii) consequently, Blue Owl would be likely to limit or halt redemptions of certain BDCs.

Disappointing Third Quarter Results for 2025

The Blue Owl Class Action Lawsuit further alleges that:

• On October 30, 2025, Blue Owl reported financial results for the third quarter of 2025, including: 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 price of Blue Owl stock fell, according to the complaint.

Announcement Of Definite Merger Agreement

• Merger Announcement: On November 5, 2025, the complaint alleges two of Blue Owl’s direct lending businesses, Blue Owl Capital Corporation (“OBDC”) and Blue Owl Capital Corporation II (“OBDC II”), announced that they had entered into a definitive merger agreement, that “OBDC II does not anticipate conducting additional tender offers prior to the merger,” that the “proposed merger enhances liquidity for shareholders of the combined company,” that 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,” and that “[t]he 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.”

• Stock Price Drops: On this news, the price of Blue Owl stock fell nearly 5%, the Blue Owl Class Action Lawsuit alleges.

Financial Times Article

The Blue Owl Class Action Lawsuit alleges that on November 16, 2025, Financial Times published an article entitled “Blue Owl private credit fund merger leaves some investors facing 20% hit,” which provided an interview with the chief financial officer of OBDC, Jonathan Lamm, revealing that “[i]f shareholders were to vote down the deal, [Lamm] acknowledged that Blue Owl Capital Corporation II might be forced to limit redemptions.”  The article allegedly further reported details of two critical aspects of the merger:

• (i) OBDC II investors would indeed be blocked from making any redemptions until the merger completes in 2026; and

• (ii) as part of the merger, OBDC II shareholders would see the value of their investments fall by about 20% because they would be forced to exchange OBDC II shares for OBDC shares at a rate based on OBDC’s market price, but because OBDC shares trade at a discount of about 20% to the stated value of its assets, OBDC II shareholders would see the value of their investments reduced by that amount.

Stock Plummets: On this news, the price of Blue Owl stock fell nearly 6%, according to the complaint.

7. When is the Lead Plaintiff Deadline in the Blue Owl Class Action Lawsuit?

Lead plaintiff motions for the Blue Owl class action lawsuit must be filed with the court no later than February 2, 2026.

8. What Are the Eligibility Criteria for Lead Plaintiff Appointment in the Blue Owl Lawsuit?

To be eligible for appointment as the lead plaintiff in the Blue Owl Class Action Lawsuit, an investor must meet the following criteria:

• Securities Acquisition: The investor must have purchases or acquired of Blue Owl Capital Inc. (NYSE: OWL) securities between February 6, 2025, and November 16, 2025, inclusive (the “Class Period”).

• Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Blue Owl and its executives.

• Typicality and Adequacy: The investor’s legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.

It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.