Investors who lost money on Rocket Companies, Inc.(RKT) should contact Levi & Korsinsky about pending Class Action - RKT

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][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 unfavorable shifts in their operating segments [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 plummet by at least 140 basis points in the first half of 2021 due to adverse trends [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 overall gain-on-sale margins had fallen significantly 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 time frame have until July 8, 2025, to request to be appointed 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 United States for seven consecutive years [4]