To join this class action, please complete the following Investor Certification.
Oklahoma City, OK (June 28, 2021) – On June 21, 2021, a securities class action lawsuit was filed in the United States District Court for the Eastern District of Michigan against Home Point Capital Inc (NASDAQ: HMPT). The complaint alleges violations of federal securities laws, Sections11 and 15 of the Securities Act of 1933, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which began with the initial public offering on January 29, 2021. More specifically, Home Point Capital failed to disclose that their aggressive expansion of its broker partners would dramatically increase the Company’s expenses and overstated its business and financial prospects which resulted in the Offering Documents to be materially false and/or misleading.
The lawsuit seeks to recover damages on behalf of all Home Point Capital Inc. investors who purchased common stock during the Class Period. You may move the Court no later than Friday, August 20, 2021 to serve as a lead plaintiff for the entire Class.
If you wish to obtain further information and participate in this or any other securities litigation, or should you have any questions regarding this notice or preservation of your rights, please contact: Priscilla Scoggins at firstname.lastname@example.org