SHAREHOLDER ACTION ALERT: Law Firm Schall Announces Class Action Filing Against LoanDepot, Inc. And Encourages Investors With Losses Over $ 100,000 To Contact The Firm
LOS ANGELES–(COMMERCIAL THREAD) –Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against LoanDepot, Inc. (âloanDepotâ or âthe Companyâ) (NYSE: LDI) for violating federal securities laws.
Investors who have purchased shares of the Company as part of the Company’s initial public offering made on February 16, 2021 (the âInitial Public Offeringâ) and / or related thereto are invited to contact the Company before November 8, 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. LoanDepot’s refinancing operations were in decline at the time of the IPO due to competition among other factors. The Company’s profit margins on sales had also declined significantly at the same time. Both declines would impact the Company’s financial results. Based on these facts, the company’s public statements were false and misleading throughout the IPO period. When the market learned the truth about LoanDepot, 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.