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].

Welcome back. Plenty to talk about with our next guest, a titan on Wall Street who's not shy when it comes to his concerns around tariffs, the national debt, and risks ahead for equities. Joining us this morning, a mega family office chairman and CEO, Leon Coopermanman.Leah, it's great to have you back. Appreciate the time this morning. My pleasure.A few weeks ago, you were on the tape saying that you felt the multiple seems far too high. I have a feeling that probably hasn't changed. No, there's only a cou ...

Core Insights - Mag Mile Capital has successfully arranged $10.25 million in joint venture equity for a Class A office-to-multifamily conversion project in Chicago [1][2][3] - The equity was secured from an institutional limited partner based in Chicago, with the transaction closing in late May 2025 [2][6] - The project will convert a former Class A office space into 153 Class A multifamily rental apartments [3][4] Company Overview - Mag Mile Capital is a boutique commercial real estate mortgage banking firm headquartered in Chicago, with additional offices in several states [7] - The firm specializes in real estate bridge financing, mezzanine and permanent debt placement, and equity arrangements across various real estate asset classes [7] - Mag Mile Capital has collectively closed over $9 billion in real estate financing during its personnel's combined 32 years of experience in the industry [7] Project Details - The project is located at 111 W. Illinois in the River North neighborhood of Chicago [1][6] - The joint venture aims to fund a portion of the construction costs required for the conversion [3][4] - The transaction is significant as it represents one of the largest office-to-residential conversion projects in Chicago following the Covid-19 pandemic [4] Leadership Commentary - Matt Weilgus, SVP and Head of Originations, emphasized the importance of securing a seasoned institutional capital partner with local market expertise for the project [4] - Rushi Shah, Chairman and CEO, highlighted the significance of long-standing relationships with clients and capital partners in achieving this closing [5] - The company aims to continue delivering tailored financing and equity solutions across all commercial real estate sectors nationwide [5]

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Flexsteel Industries, Inc. (FLXS) : This manufacturer of upholstered furniture has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.Rockwell Automation, Inc. (ROK) : This industrial automation and digital transformation solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.The E.W. Scripps Company (SSP) : This media ...

Group 1 - Greystone Housing Impact Investors LP (GHI) has seen a 10.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 12.4%, significantly higher than the industry average of 0.0% [1] - Virtu Financial, Inc. (VIRT) has experienced an 8.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days, with a dividend yield of 2.3%, also above the industry average of 0.0% [2] - Flexsteel Industries, Inc. (FLXS) has had a 7.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Group 1 - UWM Holdings, operating as United Wholesale Mortgage, went public through a significant SPAC deal in 2021 [1] - The company has been under observation for several years due to its compelling narrative [1] Group 2 - Ian Bezek, a former hedge fund analyst, has extensive experience in Latin American markets and specializes in high-quality compounders and growth stocks [2]

Group 1 - The article discusses an exchange-traded fixed-income security IPO, specifically focusing on the PennyMac Mortgage Investment Trust [1] - It invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - The article emphasizes that past performance is not indicative of future results and does not provide specific investment recommendations [2] - It clarifies that the analysts contributing to the article may not be licensed or certified by any regulatory body [2]

Core Insights - Keefe, Bruyette & Woods, Inc. announces index rebalancing for the second quarter of 2025, specifically affecting the KBW Nasdaq Premium Yield Equity REIT Index [1][2] - The rebalancing will take effect before the market opens on June 23, 2025, with SITE Centers Corp. being dropped from the index [2] Company Overview - KBW is a leading independent authority in the financial services sector, established in 1962, and is a wholly owned subsidiary of Stifel Financial Corp. [4] - The firm specializes in research, corporate finance, mergers and acquisitions, as well as sales and trading in equities securities of financial services companies [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 ...