August 04, 2025
An investor in the parent company of online mortgage lender Rocket Mortgage has dropped derivative allegations that the company's brass concealed a loan demand downturn a week after a proposed shareholder class action making similar claims was voluntarily tossed.
May 23, 2023
Shareholders of online mortgage company Rocket Cos. Inc. allege in a derivative suit that board members made numerous misleading statements about the business' profitability despite knowing loan demand was declining and that its CEO exploited the nonpublic information in an insider trading scheme.