The class-action lawsuit against loanDepot, Inc. was filed on behalf of investors of the company, which purchased common stock during the February 2021 IPO. Lead plaintiffs must move to court by November 8, 2021, to prevent the dismissal of the case by the judge. However, the lead plaintiff must move the court by that date to preserve their rights. They must also convince the court to grant them the class certification by that time.
A key aspect of the LoanDepot class action lawsuit is that the company has not disclosed its risks to investors.
While Anthony Hsieh has admitted to a fairly predictable business model and perfect transparency when going public, investors were still concerned about the company’s performance. On August 17, 2021, the company’s share price had declined 42% from the price at which it had been valued at its IPO. The IPO was delayed until February 2021.
The company has given investors until November 8, 2021, to retain counsel. As lead plaintiff, you can apply to be the lead plaintiff of the class on behalf of all other investors. You don’t need to be the lead plaintiff to be a class member. Unlike other class actions, the loanDepot lawsuit does not require a lead plaintiff. Therefore, you can still be a part of it. And if you are not a lead defendant, you can be a part of the class as well.
As a lead plaintiff, you can pursue a claim by filing a complaint against loanDepot.
If you purchased loanDown common stock before the IPO, you are eligible for the class action. If you do, you should move to the court by November 8, 2021. The lead plaintiffs must move the court by that date. You can request a free consultation from our attorneys today. There are no costs to you.
If you are a lead plaintiff, you must move the court by November 8 of 2021. Unless you are a lead plaintiff, you must remain an absent class member to qualify for the class action. You may also choose to retain counsel of your choice if you do not wish to join the suit. If you choose to join the class action, you must move the court within the same timeframe. You have the right to do so.
Those who bought loanDepot stock between February and November 2021 have until November 8 to seek legal counsel. If you are a lead plaintiff, you will be acting on behalf of all the other investors in the class. To be a lead plaintiff, you must be an investor in the class and have a legitimate interest in the case. If you are not a lead plaintiff, you can remain an absentee if you would like to join the lawsuit.
A lead plaintiff must be willing to represent the entire class of investors.
The lead plaintiff can represent the entire class. In addition, a lead plaintiff will represent the interests of all the other investors in the class. As long as the lead plaintiff is not a lead, the class will not be certified. As a lead plaintiff, you can be the only person to join the class. If you are not a lead plaintiff, you may still be an absent class member, but you will not have access to a lawyer.
To join the loanDepot class action lawsuit, you must have bought shares of loanDepot in the past three years.
If you purchased a share of loanDepot stock before August 17, 2021, you must move to court before that date. You can be a lead plaintiff, or you can remain a passive member. You will be able to retain the counsel of your choice if you choose to participate in the lawsuit.
If you own a loanDepot stock and are looking to pursue a lawsuit, you have only two options. First, you can engage a third-party computer forensic expert to investigate the company. A lead plaintiff is a person who acts on behalf of the class and acts as a lead plaintiff. But you do not have to be a lead plaintiff to be a class member. If you’re an investor, you can join the lawsuit as a class member by notifying the court of your participation.
