Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 8, 2025 in Rocket Companies, Inc. Lawsuit – RKT

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].