(LDI) DEADLINE ALERT: Investors Interested in Being a Principal Plaintiff in Securities Fraud Class Action Against LoanDepot, Inc.


SAN DIEGO, October 16, 2021 / PRNewswire / – Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has been initiated on behalf of investors in theoanDepot, Inc. (NYSE: LDI) (“LoanDepot” or the “Company”). The class action lawsuit is on behalf of shareholders who have purchased common shares of LoanDepot in accordance with or traceable to February 2021, initial public offering (the “initial public offering”). If you wish to act as the principal plaintiff in this class action, you must apply to the Court at the latest November 8, 2021.

[click here to join this action]

The lawsuit alleges that LoanDepot’s registration statement contained statements that were materially inaccurate, misleading and incomplete because they did not disclose that: (1) the Company’s refinancing operations had already declined significantly at the time of the IPO due to industry overcapacity and increased competition; (2) the profit margins on the sale of the Company had already considerably diminished at the time of the IPO; (3) as a result, the Company’s sales and growth would be negatively impacted; and (4) as a result of the foregoing, the defendants’ positive statements about the business, operations and prospects of the Company were substantially misleading and lacked reasonable basis.

[click here to join this action]

A principal plaintiff will act on behalf of all other class members to conduct the LoanDepot class action lawsuit. The principal plaintiff can choose a law firm of their choice to litigate the class action. The ability of an investor to share any possible future recovery of the LoanDepot class action lawsuit does not depend on its status as lead plaintiff.

If you are a LoanDepot shareholder and have losses and would like to learn more about how to be a lead applicant, please contact Jim baker ([email protected]) at 619-814-4471. If you are sending an email, please include a phone number.

In addition, you can [click here to join this action]. There is no cost or obligation for you.

On Johnson fistel, LLP:
Johnson fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, new York and Georgia. The firm represents individual and institutional investors in class actions between shareholders and derivatives. For more information about the firm and its lawyers, please visit http://www.johnsonfistel.com. Lawyer advertising. Past results do not guarantee future results.

Contact:
Johnson fistel, LLP
Jim baker, 619-814-4471
[email protected]

THE SOURCE Johnson fistel, LLP

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