25.09.2021 16:52

(LDI) DEADLINE: Did You Suffer a Substantial Loss? Contact Johnson Fistel Regarding Leading loanDepot Class Action Lawsuit


SAN DIEGO, Sept. 25, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of loanDepot, Inc. (NYSE: LDI) ("loanDepot" or the "Company"). The class action is on behalf of shareholders who purchased loanDepot common stock pursuant or traceable to February 16, 2021, initial public stock offering (the "IPO"). If you wish to serve as lead plaintiff in this class action, you must move the Court no later than November 8, 2021.

 [click here to join this action]

The lawsuit alleges that loanDepot's registration statement contained statements that were materially inaccurate, misleading, and incomplete because they failed to disclose that: (1) the Company's refinance originations had already declined substantially at the time of the IPO due to industry overcapacity and increased competition; (2) the Company's gain-on-sale margins had already declined substantially at the time of the IPO; (3) as a result, the Company's revenue and growth would be negatively impacted; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and lacked a reasonable basis.

A lead plaintiff will act on behalf of all other class members in directing the LoanDepot class-action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit.  An investor's ability to share any potential future recovery of the loanDepot class action lawsuit is not dependent upon serving as lead plaintiff. 

If you suffered a substantial loss and are interested in learning more about being a lead plaintiff, please contact Jim Baker(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Johnson Fistel, LLP
Jim Baker, 619-814-4471 

Cision View original content:https://www.prnewswire.com/news-releases/ldi-deadline-did-you-suffer-a-substantial-loss-contact-johnson-fistel-regarding-leading-loandepot-class-action-lawsuit-301385090.html

SOURCE Johnson Fistel, LLP

Börse Stuttgart Anlegerclub

Heute im Fokus

Asiens Börsen überwiegend ffreundlich -- Facebook erzielt mehr Gewinn -- KION sieht sich nach starkem Quartal auf Kurs bei Jahreszielen -- Michelin, UBS im Fokus

US-Experten beraten über Zulassung für BioNTech-Impfungen bei Kindern. Jim Cramer: Anleger sollten von Superreichen keine Investmenttipps annehmen. Falsche Amazon-Mitarbeiter bringen Kunden um Millionen. Investor Kevin O'Leary setzt mehr auf Krypto als auf Gold - und sein ETF auf diese Dividenden-Aktien. Elon Musk könnte mit SpaceX zum weltweit ersten Billionär werden.


Würden Sie eine verpflichtende Corona-Impfung gutheißen?

finanzen.net zero
finanzen.net zero



Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln