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Deadline on August 20th coming up in Lawsuit for Investors in Home Point Capital Inc. (NASDAQ: HMPT)

07-27-2021 09:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on August 20, 2021 in the lawsuit for certain investors in Home Point Capital Inc. (NASDAQ: HMPT).

A Deadline is coming up on August 20, 2021 in the lawsuit for certain investors in Home Point Capital Inc. (NASDAQ: HMPT).

A deadline is coming up on August 20, 2021 in the lawsuit filed for certain investors of Home Point Capital Inc. (NASDAQ: HMPT) over alleged securities laws violations by Home Point Capital Inc.

Investors who purchased shares of Home Point Capital Inc. (NASDAQ: HMPT) have certain options and there are strict and short deadlines running. Deadline: August 20, 2021. NASDAQ: HMPT 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 Eastern District of Michigan the plaintiff alleges on behalf of purchasers of Home Point Capital Inc. (NASDAQ: HMPT) common shares , that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Offering Documents that were filed in connection with the company’s IPO made false and/or misleading statements and/or failed to disclose that Home Point's aggressive expansion of its broker partners would dramatically increase the Company's expenses, that the mortgage industry was anticipating industry-wide decreased gain-on-sale margins as a result of rising interest rates in 2021 and Home Point would be subject to the same competitive pressures, that accordingly, the Company had overstated its business and financial prospects, and that as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.

Those who purchased shares of Home Point Capital Inc. (NASDAQ: HMPT) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.

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