Core Viewpoint - A class action securities lawsuit has been filed against Rocket Companies, Inc. for alleged securities fraud affecting investors between March 29, 2021, and April 1, 2021 [1] Group 1: Allegations of Fraud - The lawsuit claims that Rocket Companies made false statements regarding its gain on sale margins, which were contracting at the highest rate in two years due to increased competition and unfavorable market conditions [2] - It is alleged that Rocket was engaged in a price war with competitors, further compressing margins in its Partner Network operating segment [2] - The complaint indicates that Rocket's gain on sale margins were expected to decline by at least 140 basis points in the first half of 2021, returning to levels not seen since Q1 2019 [2] - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, leading to a significant drop below recent historical averages [2] - Positive statements made by the defendants about the company's operations and prospects were claimed to be materially misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until July 8, 2025, to request to be appointed as lead plaintiff, although participation does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]

Company Overview - Rocket Companies is a financial technology firm that operates in mortgage, real estate, and personal finance sectors, with segments including Direct-to-Consumer and Partner Network [1] - The Direct-to-Consumer segment allows clients to interact with Rocket Mortgage online and includes services like title insurance and appraisals [1] - The Partner Network segment focuses on expanding marketing and influencer relationships and mortgage broker partnerships through Rocket Pro [1] Market Position - Rocket Companies is the No. 1 mortgage originator in the United States, gaining market share through a technology-first approach to mortgage processing [4] - The company can originate loans at about one-third of the cost of its peers and close loans in an average of 21 days, compared to 45 days for competitors [4] Stock Performance and Ownership Structure - Despite its competitive advantages, Rocket's share price has declined over 29% since its IPO in August 2020, trading at a single-digit price-earnings multiple [4][5] - The company's ownership structure is complex, with founder Dan Gilbert retaining over 80% of voting power through a preferred share class, resulting in a public float of only about 7% [5] - Rocket plans to increase its public float to 35% and simplify its share structure from four classes to two, which may attract more institutional investors [6] Future Growth Potential - The integration of artificial intelligence (AI) is seen as a key driver for Rocket's growth, enhancing operational efficiency and profitability [7] - Rocket's market share could potentially grow from its current high single-digit percentage to 15%-20% organically, with further growth possible through mergers and acquisitions [7] - The company is well-positioned to lead in the mortgage industry due to its technological capabilities and the experience of its new CEO [7] Investment Perspective - ValueAct Capital has taken a 9.99% ownership stake in Rocket Companies, indicating confidence in the company's potential [2][3] - ValueAct's experience with AI and its history of successful investments in controlled companies suggest a strategic alignment with Rocket's growth trajectory [8]

NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team: https://www.zlk.com/pslra-1/rocket ...

NEW YORK, May 22, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rocket Companies, Inc. (NYSE: RKT).Shareholders who purchased shares of RKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rocket-companies-inc-loss-submission-form/?id=149539&from=4 CLASS PERIOD: March 29, 202 ...

NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Rocket Companies, Inc. (NYSE: RKT). Shareholders who purchased shares of RKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/rocket-companies-inc-loss-submission-form/?id=149358&from=3 CLASS PERIOD: March ...

Core Viewpoint - A class action lawsuit is pending against Rocket Companies, alleging securities fraud and unlawful business practices by the company and its executives [2][3]. Summary by Relevant Sections Class Action Details - The lawsuit is on behalf of all individuals and entities that purchased Rocket Companies securities between March 29, 2021, and April 1, 2021, seeking damages for violations of federal securities laws [2]. - Investors have until July 8, 2025, to request appointment as Lead Plaintiff if they acquired Rocket securities during the specified Class Period [3]. Allegations Against Rocket Companies - The complaint alleges that Rocket's gain on sale margins were contracting at the highest rate in two years due to increased competition among mortgage lenders and a shift towards lower-margin operations [3]. - It is claimed that Rocket was engaged in a price war in the wholesale market, further compressing margins [3]. - The adverse trends were reportedly accelerating, with expectations that gain on sale margins would plummet by at least 140 basis points in the first half of 2021 [3]. - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, returning to levels not seen since Q1 2019 [3]. - The company's gain-on-sale margins had fallen materially below recent historical averages, contradicting prior positive statements made by the defendants about the company's operations and prospects [3].

NEW YORK, May 20, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team:https://www.zlk.com/pslra-1/rocket-compa ...

Core Viewpoint - The Gross Law Firm is notifying shareholders of Rocket Companies, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical financial information during a specified class period [1][2]. Summary by Sections Allegations - The complaint alleges that during the class period from March 29, 2021, to April 1, 2021, Rocket's gain on sale margins were contracting at the highest rate in two years due to increased competition among mortgage lenders and a shift towards lower margin segments [2]. - Rocket was engaged in a price war with competitors in the wholesale market, further compressing margins in its Partner Network operating segment [2]. - The adverse trends were accelerating, with gain on sale margins expected to plummet by at least 140 basis points in the first half of 2021 [2]. - Favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had vanished, returning to levels not seen since Q1 2019 [2]. - Company-wide gain-on-sale margins had fallen materially below recent historical averages, contradicting prior positive statements about business operations and prospects [2]. Next Steps for Shareholders - Shareholders who purchased shares of RKT during the specified timeframe are encouraged to register for the class action by July 8, 2025, to potentially be appointed as lead plaintiffs [3]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team: https://www.zlk.com/pslra-1/rocket ...

Core Viewpoint - A class action lawsuit has been filed against Rock Holdings, Inc. for alleged violations of federal securities laws related to the sale of Rocket Companies, Inc. stock during a specific period [1][2]. Class Definition - The lawsuit seeks damages for all individuals and entities that purchased Rocket Class A common stock between February 25, 2021, and May 5, 2021, inclusive [2]. Case Details - The Complaint alleges that on March 29, 2021, Rock Holdings, Inc. sold 20,200,000 shares of Rocket Class A common stock at $24.75 per share, totaling approximately $499.95 million, while possessing material non-public adverse information [3]. Next Steps - Investors who suffered losses in Rock Holdings, Inc. have until July 8, 2025, to request to be appointed as lead plaintiff in the case [4]. Cost Structure - The law firm represents investors on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful in the case [5]. Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6].