FORMER LOUISIANA ATTORNEY GENERAL OF ROCKET COMPANY ALERT: Kahn Swick & Foti, LLC Reminds Investors With Losses Over $ 100,000 of Principal Plaintiff’s Deadline in Class Action Against Rocket Companies, Inc.
New Orleans, Louisiana – (Newsfile Corp. – July 1, 2021) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr ., remind investors that they have up to August 30, 2021 to file principal plaintiff claims in a securities class action lawsuit against Rocket Companies, Inc. (NYSE: RKT), if they purchased the Company’s shares between February 25, 2021 and May 5, 2021 inclusive (the “ Recourse period ”). This action is pending in the United States District Court for the Eastern District of Michigan.
What you can do
If you have purchased Rocket Companies shares and would like to discuss your legal rights and how this matter might affect you and your right to recoup your economic loss, you can, without obligation or expense to you, contact Lewis Kahn, Managing Partner of KSF. free at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-rkt/ to learn more. If you wish to act as the principal plaintiff in this class action, you must bring an application to the Court by August 30, 2021.
About the trial
Rocket Companies and some of its officers are accused of failing to disclose material information during the Class Period, in violation of federal securities laws.
On May 5, 2021, the Company disclosed disappointing financial news, including closed loan volume in a range of just $ 82.5 billion to $ 87.5 billion, and profit margins on sales in a range of just $ 2. 65% to 2.95% for the second quarter of 2021, due to certain market trends which partly started “at the end of the first quarter”.
On this news, Rocket Companies shares fell nearly 17% to close at $ 19.01 per share.
The case is Qaiyum v. Rocket Companies, Inc., N ° 21-cv-11528.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – seeking to recoup investment losses due to corporate fraud and embezzlement. listed on the stock exchange. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
1100, rue Poydras, suite 3200
New Orleans, LA 70163
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89257