#United States #New York #UHG #United Homes Group #Keith Feldman

UHG Investor Alert: Securities Fraud Lawsuit Overview

United Homes Group, Inc. (NASDAQ: UHG) is currently facing a class action lawsuit concerning allegations of securities fraud. The lawsuit names Keith Feldman, the Chief Financial Officer (CFO), as a defendant. It focuses on claims that Feldman certified misleading disclosures that may have contributed to significant investor losses during the designated class period, specifically from May 19, 2025, to February 22, 2026.

Background of the Case

According to a notification from SueWallSt, the firm representing the investors, UHG’s share price suffered a drastic decline from $4.26 to $1.15 over the course of three corrective disclosures. This translates into a staggering cumulative loss of approximately $3.11 per share, equating to a striking 73% drop in value. The deadline for potential plaintiffs to step forward and lead the class action is set for June 9, 2026.

Role of Keith Feldman

During the lawsuit's specified period, Feldman held the position of CFO and had significant oversight over the company's financial reporting and SEC filings. The allegations detail how Feldman, under the influence of controlling shareholder Michael Nieri, purportedly certified the effectiveness of United Homes Group's disclosure controls while the company was allegedly concealing critical negative information from shareholders. This violation raises serious questions regarding the accuracy of the company’s financial disclosures, which investors relied upon.

Feldman is accused of certifying that the disclosure controls were “effective” as of June 30, 2025. This was while Nieri was allegedly maneuvering for a sale of United Homes at a price far below its market value. Further, Feldman allegedly reaffirmed this certification as of September 30, 2025, despite a significant turnover in the board of directors, an event shaped by Nieri’s refusal to relinquish control.

Legal Framework and Implications

The lawsuit invokes Section 20(a) of the Securities Exchange Act, under which individuals controlling companies that violate securities laws may be held accountable. Given Feldman’s position as CFO, he is believed to have possessed the authority to direct the filing contents while also having obligations to ensure their accuracy. The Sarbanes-Oxley Act has stringent requirements for the personal certification of disclosures made by executives, which adds to the gravity of the allegations against him.

“Corporate executives who certify SEC filings are held to a standard of personal responsibility for the integrity of their disclosures. When a CFO certifies that the disclosure controls are functioning effectively, they are directly influencing investor trust,” stated Joseph E. Levi, an attorney involved in the case.

Frequently Asked Questions

Who are the defendants?

The lawsuit names United Homes Group, Inc. and various individuals including Michael Nieri (the Executive Chairman), John G. Micenko, Jr. (CEO), and Keith Feldman (CFO) as defendants in the case.

Who qualifies to join the lawsuit?

Eligible plaintiffs are those who purchased UHG stock or securities during the class period and experienced financial losses. This qualifies regardless of whether they still hold the shares.

Is there any cost involved?

Participation in the class action lawsuit comes with no costs upfront as these lawsuits operate on a contingency fee basis. There will be no out-of-pocket expenses for investors wishing to join.

What is the role of the lead plaintiff?

A lead plaintiff represents the interests of the entire class in the lawsuit. They are typically chosen based on their losses and have the authority to oversee the case proceedings.

What should I provide to make a claim?

Investors will need to produce trade confirmations or brokerage statements that document the purchase dates, quantities of shares bought, and any subsequent sale details to support their claims.

Contact Information

For further assistance, investors can contact Levi & Korsinsky, LLP, with attorney Joseph E. Levi leading the efforts. Interested parties should reach out via phone at (888) SueWallSt or email at [email protected] to explore their eligibility and get guidance on the next steps.

The unfolding events surrounding UHG call for close attention from current and past investors, especially as the deadline for potential class action representatives approaches.