Rocket Companies, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
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It is alleged in this complaint that Rocket made misleading and false statements to the market. In relation to increased competition with other mortgage lenders, amongst other factors, Rocket suffered from the highest contract rates in two years. Rocket was engaged in a price war with its rivals, further eroding margins. Throughout the first six months of 2021 these adverse trends were accelerating. In fact, Rocket’s gain-on-sale margins had fallen below recent averages. Rocket’s public statements were materially misleading and false throughout the class period, based on these facts. Investors suffered damages when the market learned the truth about Rocket.