NEW YORK, June 19, 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=153515&from=4CLASS PERIOD: March 29, 202 ...

NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Rocket Companies, Inc. (“Rocket Companies” or “the Company”) (NYSE: RKT) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ...

NEW YORK, June 18, 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=153436&from=3 CLASS PERIOD: March ...

Core Viewpoint - A class action securities lawsuit has been filed against Rocket Companies, Inc. due to alleged securities fraud affecting investors between March 29, 2021, and April 1, 2021 [1][2]. Case Details - The lawsuit claims that Rocket Companies made false statements regarding its financial performance, specifically 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 [2]. - The company was engaged in a price war in the wholesale market, further compressing margins [2]. - Adverse trends were accelerating, with gain on sale margins expected to drop by at least 140 basis points in the first half of 2021 [2]. - Favorable market conditions that previously allowed for high gain on sale margins had disappeared, returning to levels not seen since Q1 2019 [2]. - Company-wide gain-on-sale margins had fallen significantly below recent historical averages [2]. - Positive statements made by the defendants regarding the company's operations were misleading and lacked a reasonable basis [2]. Next Steps - Investors who suffered losses during the specified timeframe have until July 8, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].

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 lower margin operations [2]. - It is alleged that Rocket was engaged in a price war with competitors in the wholesale market, further compressing margins in its Partner Network segment [2]. - The complaint indicates that adverse trends were accelerating, predicting a drop of at least 140 basis points in gain on sale margins during the first half of 2021 [2]. - 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 [2]. - The company's gain-on-sale margins had fallen materially below recent historical averages, contradicting positive statements made by the defendants about the company's operations and prospects [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until July 8, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [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 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 U.S. for seven consecutive years [4].

NEW YORK, June 13, 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/rocke ...

NEW YORK, June 13, 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-comp ...

NEW YORK, June 12, 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=152585&from=3 CLASS PERIOD: March ...

NEW YORK, June 12, 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=152572&from=4CLASS PERIOD: March 29, 202 ...

Financial Data and Key Metrics Changes - In 2024, adjusted revenue grew by 30% to $4.9 billion, marking consecutive quarters of year-over-year growth [23] - Net rate lock volume rose by 28% to $101 billion, and adjusted EBITDA margin expanded from 2% to 18% [23] Business Line Data and Key Metrics Changes - The company has strengthened its efficiency and capacity through deliberate investments in data and technology, with automation unlocking over 1 million team member hours in mortgage underwriting [24] - The company now supports over $150 billion in annual origination volume without any increases in fixed costs [24] Market Data and Key Metrics Changes - The acquisitions of Mr. Cooper and Redfin are expected to diversify the business model and enable growth in any rate environment [25][26] - The integration of these acquisitions is on track, with dedicated teams working across 35 work streams to ensure a smooth transition [26] Company Strategy and Development Direction - The company aims to redefine the home ownership experience by integrating real estate, mortgage, and servicing into one national platform [2] - The focus is on providing a faster, more seamless experience that delivers significant cost savings through lower transaction fees and competitive mortgage rates [25] - The collapse of the Up C structure is intended to simplify corporate structure and financial reporting [27] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the future growth opportunities, particularly in purchase and AI, emphasizing the importance of building out the broker platform and strengthening consumer relationships [30] - The company is at a pivotal moment, poised for incredible growth and value creation for clients, partners, team members, and shareholders [27] Other Important Information - The company executed a comprehensive brand refresh in 2024, raising brand awareness and connecting with the next generation of homebuyers [24] - The class A public float is expected to increase from about 7% to around 35% after the acquisitions close [26] Q&A Session Summary Question: Where do you see growth opportunities over the next five years? - Management identified the biggest future growth opportunity as being grounded in purchase and AI, focusing on investing in the broker platform, strengthening consumer relationships, and driving recapture with new mortgage products [30]