August 31, 2023
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.
July 05, 2023
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.