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Shupe v. Rocket Companies, Inc. et al
Case Number:
1:21-cv-11528
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Goodwin Procter
- Harris St. Laurent
- Honigman LLP
- Labaton Keller
- Morganroth & Morganroth
- Pomerantz LLP
- Schenk & Bruetsch
- Sullivan & Cromwell
- Weitz & Luxenberg
Companies
Sectors & Industries:
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July 17, 2024
Rocket Mortgage Says Results Refute Investors' Fraud Claims
Rocket Mortgage is arguing that the company didn't mislead its shareholders when Rocket's former CEO claimed the company could grow its lending business in a rising interest rate environment because the firm's actual financial performance ended up proving that prediction true.
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July 16, 2024
Rocket Cos. Investors Drop CEO Retweet Claims From Suit
Investors in mortgage lender Rocket Companies have dropped certain proposed class action claims against the company's CEO, telling a Michigan federal judge that they would no longer accuse the executive of securities fraud over a March 2021 retweet.
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January 29, 2024
Rocket Investors Want Class Cert. Despite Meme Stock Surge
Rocket Mortgage shareholders said a social media-driven surge in the company's stock price shouldn't tank a class certification bid, because even during the so-called meme stock event, the stock price still reflected alleged misrepresentations about the mortgage lender's financial health.
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December 11, 2023
Rocket Mortgage Says Reddit 'Frenzy' Dooms Class Cert. Bid
Rocket Mortgage has asked a Michigan federal judge to nix a class certification bid in investor litigation alleging the company hurt investors by hiding a downturn in demand for certain loans, arguing that a Reddit "frenzy" over its shares is a sign it was trading in an inefficient market during some of the proposed class period.
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August 31, 2023
Rocket Mortgage Investors Seek Cert. In Loan Downturn Suit
Investors in the parent company of Rocket Mortgage have asked a Michigan federal judge to certify their proposed class in a suit alleging the company failed to disclose a downturn in demand for certain loans, hurting shareholders after trading prices for its shares fell once the company acknowledged the trend's damage to its revenues.
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July 05, 2023
Rocket Mortgage Can't Trim Investors' Fraud Suit
A Michigan federal judge has denied Rocket Mortgage's renewed bid to whittle down the number of actionable statements in a securities fraud suit against it, ruling that the request was not worth considering because it would not change the fact that the lender must face investor claims.