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LoanDepot's $3.5M Deal Nears OK Despite Claim It's 'Paltry'

By Dorothy Atkins ( January 8, 2024, 9:34 PM EST) -- A California federal judge on Friday preliminarily approved LoanDepot's $3.5 million deal to resolve a proposed class action alleging it misled investors leading up to the company's initial public offering, despite a shareholder's objection that the settlement amount is "paltry" and the deal was struck prematurely....

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