NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit is pending against Rocket Companies, Inc. (“Rocket Companies” or the “Company”) (NYSE: RKT). Investors in Rocket Companies securities are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whet ...

Core Viewpoint - A class action securities lawsuit has been filed against Rocket Companies, Inc. alleging securities fraud that negatively impacted investors between March 29, 2021, and April 1, 2021 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims 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 the lower margin Partner Network segment [2]. - It is alleged that Rocket was engaged in a price war with competitors in the wholesale market, further compressing margins in the Partner Network segment [2]. - The complaint states that adverse trends were accelerating, with Rocket's gain on sale margins expected to plummet by at least 140 basis points in the first half of 2021 [2]. - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, returning margins to levels not seen since Q1 2019 [2]. - The company's gain-on-sale margins had fallen materially below recent historical averages, contradicting positive statements made by the defendants regarding the company's operations and prospects [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

DETROIT, June 5, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today priced its private offering of $2.0 billion aggregate principal amount of 6.125% senior notes due 2030 and $2.0 billion aggregate principal amount of 6.375% senior notes due 2033 (collectively, the "Notes" and such offering, the "Offering").The Notes will initially be fully and uncondit ...

CLASS PERIOD: March 29, 2021 to April 1, 2021 NEW YORK, June 5, 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-f ...

DETROIT, June 3, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, is proposing to issue and sell $2.0 billion aggregate principal amount of senior notes due 2030 and $2.0 billion aggregate principal amount of senior notes due 2033 (collectively, the "Notes") in an offering that will be exempt from the registration requirements of the Securities Act of 1933, ...

NEW YORK, May 30, 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 30, 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 ...

NEW YORK, May 29, 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=150504&from=4CLASS PERIOD: March 29, 2021 ...

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]