Law Firm Schall Reminds Investors of Class Action Against Rocket Companies, Inc. and Encourages Investors With Losses Over $ 100,000 to Contact the Firm

Los Angeles, CA – (Newsfile Corp. – Aug 9, 2021) – Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Rocket Companies, Inc. (“Rocket” or “the Company”) (NYSE: RKT) for violation of §§10 (b) and 20 ( a) of the Securities Exchange Act of 1934 and rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.

Investors who purchased the Company’s securities between February 25, 2021 and May 5, 2021 inclusive (the “Recourse Period”), are invited to contact the Company before August 30, 2021.

If you are a shareholder who has suffered a loss, Click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent member of the group.

According to the complaint, the company made false and misleading statements to the market. Rocket suffered from the highest contract rates in two years due to increased competition with other mortgage lenders, among other factors. The company was engaged in a price war with its competitors, which further eroded its margins. These unfavorable trends accelerated throughout the first six months of 2021. In fact, the Company’s selling profit margins had fallen below recent averages. Based on these facts, the Company’s public statements were false and misleading throughout the Class Period. When the market learned the truth about Rocket, investors suffered damage.

Join the case to recoup your losses.

The Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.

CONTACT:

Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

THE SOURCE:

Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92508


Source link

About the author