#United States #New York #Class Action #Levi & Korsinsky #Rocket Companies

Overview of Rocket Companies, Inc. Class Action Lawsuit

Levi & Korsinsky, LLP is informing investors of Rocket Companies, Inc. (NYSE: RKT) about an ongoing class action lawsuit they may be eligible to join. The lawsuit addresses claims related to alleged securities fraud that occurred between March 29, 2021, and April 1, 2021.

What is the Class Action About?

The class action lawsuit filed against Rocket Companies seeks to recover losses for investors who were affected by misleading statements and omitted information regarding the company's financial performance during the defined period.

Key Allegations

The plaintiff asserts that Rocket Companies misrepresented several factors impacting its operational and financial integrity, specifically:

• - Contraction of Gain on Sale Margins: The lawsuit alleges that Rocket's gain on sale margins were contracting significantly, correlating with increased competition among mortgage lenders and unfavorable shifts in their operational framework.
• - Competitive Pressure: There are claims that Rocket was facing a price war that further reduced margins, particularly in its Partner Network operating segment.
• - Accelerating Adverse Trends: The filings claim that adverse trends affecting the company were accelerating, leading to a potential plummet in margins expected in the first half of 2021.
• - Misleading Statements: As a result of these factors, the allegations state that positive assertions made by company executives regarding Rocket's business and future prospects lacked reasonable foundation and were materially misleading.

Important Deadlines

If you experienced losses while investing in Rocket Companies during the relevant timeframe, it's essential to act quickly. Investors have until July 8, 2025, to request that the court appoint them as lead plaintiffs in the case. This step is crucial for anyone wishing to actively participate in the lawsuit, although being appointed is not necessary to pursue compensation.

No Cost to Participate

Investors should note that as a member of the class, they may be entitled to compensation without incurring any out-of-pocket costs or fees. Levi & Korsinsky operates on a contingency basis, meaning you will not have to pay unless a recovery is secured.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has established a strong reputation over the past two decades, successfully securing hundreds of millions of dollars for investors in similar situations. They rank among the top securities litigation firms in the U.S. and have extensive experience managing complex securities cases.

How to Get Involved

If you're interested in learning more about this class action or wish to see if you're eligible to participate, you can submit a loss form via the following link: Rocket Companies Loss Submission Form.

Additionally, you can contact Joseph E. Levi, Esq. at [email protected] or call him at (212) 363-7500 for more information and guidance about the process.

Final Thoughts

It's crucial for Rocket Companies investors to be aware of your rights and the potential for recovery in the face of alleged securities fraud. Staying informed and taking timely action are essential steps you should take to protect your investment.

For comprehensive updates on the case and further investor resources, remain in touch with Levi & Korsinsky or visit their website. Your participation may be vital in holding the company accountable and seeking restitution for the losses incurred by shareholders.