#United States #New York #Class Action #Gross Law Firm #Rocket Companies

Investors of Rocket Companies, Inc. Urged to Join the Class Action Lawsuit

Investors Encouraged to Join Class Action Against Rocket Companies

Investors who incurred losses from shares of Rocket Companies, Inc. (NYSE: RKT) during the specified class period are urged to take action. The renowned Gross Law Firm has announced a pending class action lawsuit concerning misleading statements made by the firm during a pivotal time for investors.

Details of the Class Action

The class period starts from March 29, 2021, to April 1, 2021. Shareholders who purchased shares of RKT during this timeframe have until July 8, 2025, to register their interest in the lawsuit. It is important to note that simply registering does not obligate investors to be lead plaintiffs; participation is crucial regardless, as it forms an integral part of the class action process.

Allegations Against Rocket Companies

The complaint filed alleges that Rocket Companies issued materially false or misleading statements during the class period and failed to disclose significant information. Specifically, it is claimed that:

- Rocket's gain on sale margins were declining sharply due to rising competition in the mortgage sector.
- The company was engaged in an intense price war with competitors, negatively impacting profit margins.
- These trends pointed to a concerning decline in financial health, with gain on sale margins projected to drop significantly in early 2021.
- The previously favorable market conditions that had allowed Rocket to thrive had shifted, with gain on sale margins returning to levels not seen since early 2019.

These misleading statements have had severe repercussions for investors, who are now compelled to seek remedy through this class action.

Next Steps for Concerned Shareholders

Investors are encouraged to promptly register as shareholders who purchased RKT shares during the indicated period. Upon registration, participants will gain access to a portfolio monitoring service which will provide regular updates on the class action's status. Importantly, there are no financial obligations associated with joining this lawsuit.

Why the Gross Law Firm?

The Gross Law Firm stands out as a nationally recognized class action law firm committed to safeguarding the rights of investors. They focus on cases where deceitful practices and misleading information from companies lead to financial losses for shareholders. They work diligently to ensure that companies adhere to ethical practices and fulfill their responsibilities to investors.

If you've suffered loss as a result of misinformation from Rocket Companies, now is the time to take action. The Gross Law Firm is dedicated to helping those affected recover losses caused by misleading corporate behavior.

For more information or to register your interest in this class action, visit this link to submit your details and protect your rights as an investor.