Rocket Mortgage Says Reddit 'Frenzy' Dooms Class Cert. Bid
By Emilie Ruscoe ( December 11, 2023, 9:17 PM EST) -- Rocket Mortgage has asked a Michigan federal judge to nix a class certification bid in investor litigation alleging the company hurt investors by hiding a downturn in demand for certain loans, arguing that a Reddit "frenzy" over its shares is a sign it was trading in an inefficient market during some of the proposed class period....
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