Eljon Lako v. Loandepot, Inc. et al
Case Number:
8:21-cv-01449
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- ​Bottini & Bottini
- Gibson Dunn
- Glancy Prongay
- Johnson Fistel
- Orrick Herrington
- Pomerantz LLP
- Robbins Geller
- Rosen Law Firm PA
- Schall Law
Companies
- Barclays PLC
- Citigroup Inc.
- Credit Suisse Group AG
- Jefferies Financial Group Inc.
- JMP Group Inc.
- Morgan Stanley
- Nomura Holdings Inc.
- Piper Sandler Cos.
- The Goldman Sachs Group Inc.
Sectors & Industries:
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May 21, 2024
LoanDepot's $3.5M Deal In IPO Disclosure Suit Gets Final OK
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.
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January 08, 2024
LoanDepot's $3.5M Deal Nears OK Despite Claim It's 'Paltry'
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.
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August 14, 2023
LoanDepot Investor Urges Court To Reject 'Paltry' $3.5M Deal
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.