INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of UWM Holdings Corporation (UWMC) on Behalf of Investors

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Law Offices of Howard G. Smith announces an investigation on behalf of UWM Holdings Corporation (“UWM” or the “Company”) (NYSE: UWMC ) investors concerning the Company’s possible violations of federal securities laws.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Freitag, April 12, 2024
Information
Tags: 
Class Action Lawsuit, Professional Services, Legal, Suite, UWM, UWMC, Telephone, News
Geotags: 
UNITED STATES, NORTH AMERICA, PENNSYLVANIA
Stock Symbol: 
NYSE:UWMC
Zusammenfassung
Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of UWM Holdings Corporation (“UWM” or the “Company”) (NYSE: UWMC ) investors concerning the Company’s possible violations of federal securities laws.
  • On this news, UWM’s stock price fell $0.56, or 8.5%, to close at $6.00 per share on April 2, 2024, thereby injuring investors.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240412936468/en/


Law Offices of Howard G. Smith announces an investigation on behalf of UWM Holdings Corporation (“UWM” or the “Company”) (NYSE: UWMC) investors concerning the Company’s possible violations of federal securities laws.

On April 2, 2024, Hunterbrook Media published a report alleging, among other things, that UWM gets almost all its business “from brokers who sent UWM more than 99% of their business” rather than shopping mortgages to competing lenders, causing borrowers to pay UWM “between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.” The same day, a racketeering consumer class action suit was filed against UWM, alleging that UWM engaged in a mortgage loan “steering enterprise” with “captive” brokers in violation of federal racketeering laws and other provisions.

On this news, UWM’s stock price fell $0.56, or 8.5%, to close at $6.00 per share on April 2, 2024, thereby injuring investors.

If you purchased UWM securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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