openPR Logo
Press release

Deadline in Lawsuit for Investors in shares of Velocity Financial, Inc. (NYSE: VEL) on September 28th coming up

09-17-2020 09:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on September 28, 2020 in the lawsuit for certain investors in Velocity Financial, Inc. (NYSE: VEL).

A Deadline is coming up on September 28, 2020 in the lawsuit for certain investors in Velocity Financial, Inc. (NYSE: VEL).

A deadline is coming up on September 28, 2020 in the lawsuit filed for certain investors of Velocity Financial, Inc. (NYSE: VEL) over alleged securities laws violations by Velocity Financial, Inc.

Investors who purchased shares of Velocity Financial, Inc. (NYSE: VEL) have certain options and there are strict and short deadlines running. Deadline: September 28, 2020. NYSE: VEL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Velocity Financial, Inc. (NYSE: VEL)
common shares who purchased NYSE: VEL shares pursuant and/or traceable to the Registration Statement and Prospectus (the “Offering Materials”) issued in connection with Velocity’s January 2020 IPO, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the defendants failed to disclose that, at the time of the IPO, the Company’s non-performing loans had dramatically increased in size from the figures provided in the Offering Materials, as measured by both the amount of unpaid principal balance and as a percentage of the Company’s overall loan portfolio, that the defendants failed to provide any information to investors regarding the potential impact of the novel coronavirus on Velocity’s business and operations, despite the fact that the international spread of the virus had already been confirmed at the time of the IPO, and that the failure to disclose the substantial and growing proportion of the Company’s loans that were non-performing and/or on non-accrual status as of the IPO rendered the statements contained in the Offering Materials regarding the quality of the Company’s loan portfolio and underwriting practices materially misleading.

Those who purchased shares of Velocity Financial, Inc. (NYSE: VEL) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Deadline in Lawsuit for Investors in shares of Velocity Financial, Inc. (NYSE: VEL) on September 28th coming up here

News-ID: 2136631 • Views:

More Releases from Shareholders Foundation

Investigation announced for Investors in shares of Lifecore Biomedical, Inc. (NASDAQ: LFCR) over possible Violations of Securities Laws
Investigation announced for Investors in shares of Lifecore Biomedical, Inc. (NA …
An investigation was announced for investors of Lifecore Biomedical, Inc. (NASDAQ: LFCR) shares over potential securities laws violations by Lifecore Biomedical, Inc. Investors who purchased shares of Lifecore Biomedical, Inc. (NASDAQ: LFCR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether a series of statements by Lifecore Biomedical, Inc. regarding its business, its prospects and
Investigation announced for Investors in shares of Designer Brands Inc. (NYSE: DBI) over potential Wrongdoing by certain directors
Investigation announced for Investors in shares of Designer Brands Inc. (NYSE: D …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Designer Brands Inc. Investors who purchased shares of Designer Brands Inc. (NYSE: DBI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Designer Brands Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders. Columbus,
Lawsuit Alert: Investors who lost money with shares of Innoviz Technologies Ltd. (NASDAQ: INVZ) should contact the Shareholders Foundation
Lawsuit Alert: Investors who lost money with shares of Innoviz Technologies Ltd. …
An investor, who purchased shares of Innoviz Technologies Ltd. (NASDAQ: INVZ), filed a lawsuit over alleged violations of Federal Securities Laws by Innoviz Technologies Ltd. in connection with certain allegedly false and misleading statements. Investors who purchased shares of Innoviz Technologies Ltd. (NASDAQ: INVZ) have certain options and for certain investors are short and strict deadlines running. Deadline: May 14, 2024. NASDAQ: INVZ investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com
Lawsuit filed for Investors who lost money with shares of iRobot Corporation (NASDAQ: IRBT)
Lawsuit filed for Investors who lost money with shares of iRobot Corporation (NA …
An investor, who purchased shares of iRobot Corporation (NASDAQ: IRBT), filed a lawsuit over alleged violations of Federal Securities Laws by iRobot Corporation in connection with certain allegedly false and misleading statements. Investors who purchased shares of iRobot Corporation (NASDAQ: IRBT) have certain options and for certain investors are short and strict deadlines running. Deadline: May 7, 2024. NASDAQ: IRBT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)

All 5 Releases


More Releases for Velocity

Velocity Sensors Market Report 2018: Segmentation by Type (Moving Coil Velocity …
Global Velocity Sensors market research report provides company profile for ST Microelectronics, NXP Semiconductors, Infineon Technologies, Texas Instruments, Robert Bosch, Honeywell International, Monitran, Valeport, TE Connectivity, KIMO Instruments, PCB Group, Sensirion and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for
Velocity Sensors Market - Current and Future Plans 2025
Velocity Sensors Market: Overview Velocity sensors used for detecting velocity of an object or vehicle is called as velocity sensor. Velocity sensors measure the velocity of an object using either contact or noncontact techniques. Important performance specifications for linear velocity sensors include maximum velocity, maximum measurement range, accuracy, and operating temperature. The maximum velocity represents the maximum linear velocity that can be measured. The maximum measurement range is the maximum range
Velocity launches benchQA for smarter automated K2 testing
Velocity, a leading K2 partner, has launched benchQA test automation software specifically designed and developed for the K2 platform. benchQA’s easy-to-use interface allows test analysis to rapidly assemble test scripts and cases using its intuitive designer. It helps business analysts and K2 developers to reduce development time, improve developer performance and increase the overall accuracy and stability of any K2 project. Arno van Rooyen, Managing Director at Velocity, says “benchQA gives
Escape Velocity Systems Announces Website Redesign and Launch
Escape Velocity Systems (EVS), a Boulder, Colorado based software and services business today announced the redesign and launch of the company website (evs-sw.com). The updated website will allow visitors to find information quickly and easily and learn more about EVS and the products and services being offered in the manufacturing and distribution industries. “A website is the first impression that most people get about a company. We want people
Solar Velocity to Work with Hitachi Power Tools
Solar Velocity is pleased to announce its recent partnership with Hitachi Power Tools! Solar Velocity plans to design a new interactive website that increases consumer engagement and excitement. Through this initiative Solar Velocity will create a product-centric website which will allow consumers to have positive experiences when researching products, finding retail locations, and providing customer feedback. The focus on presenting products while forming relationships with customers will give
Solar Velocity launches Energize Your Business web project
ATLANTA (May 22, 2009) – Solar Velocity, an interactive marketing agency based in Atlanta, today unveiled Energize Your Business, a web project that will culminate in the firm building a free website for a renewable energy company that is making significant eco-strides. Long-time advocates of alternative energy and environmentally sustainable business practices, Solar Velocity team members will draw on their deep technology and marketing expertise to help a renewable energy