August 19, 2025
The Ninth Circuit has dismissed a challenge brought by a LoanDepot shareholder to a $3.5 million settlement ending a lawsuit that accused the company of misleading investors ahead of its initial public offering, saying the district court applied proper scrutiny when approving the settlement last year.
May 21, 2024
A California federal judge has granted final approval to LoanDepot's $3.5 million settlement in a suit alleging it misled investors leading up to the company's initial public offering, despite a shareholder's objection that the settlement is insufficient.
January 08, 2024
A California federal judge on Friday preliminarily approved LoanDepot's $3.5 million deal to resolve a proposed class action alleging it misled investors leading up to the company's initial public offering, despite a shareholder's objection that the settlement amount is "paltry" and the deal was struck prematurely.
August 14, 2023
A securities plaintiff who sued LoanDepot Inc. in connection with its initial public offering documents has asked a California federal judge not to grant the first green light to a $3.5 million settlement reached in the suit, arguing that the deal was made before class certification and therefore should face more scrutiny.