Eljon Lako v. Loandepot, Inc. et al

  1. August 19, 2025

    9th Circ. Backs Approval Of LoanDepot Investor Settlement

    The Ninth Circuit has dismissed a challenge brought by a LoanDepot shareholder to a $3.5 million settlement ending a lawsuit that accused the company of misleading investors ahead of its initial public offering, saying the district court applied proper scrutiny when approving the settlement last year.

  2. May 21, 2024

    LoanDepot's $3.5M Deal In IPO Disclosure Suit Gets Final OK

    A California federal judge has granted final approval to LoanDepot's $3.5 million settlement in a suit alleging it misled investors leading up to the company's initial public offering, despite a shareholder's objection that the settlement is insufficient.

  3. January 08, 2024

    LoanDepot's $3.5M Deal Nears OK Despite Claim It's 'Paltry'

    A California federal judge on Friday preliminarily approved LoanDepot's $3.5 million deal to resolve a proposed class action alleging it misled investors leading up to the company's initial public offering, despite a shareholder's objection that the settlement amount is "paltry" and the deal was struck prematurely.

  4. August 14, 2023

    LoanDepot Investor Urges Court To Reject 'Paltry' $3.5M Deal

    A securities plaintiff who sued LoanDepot Inc. in connection with its initial public offering documents has asked a California federal judge not to grant the first green light to a $3.5 million settlement reached in the suit, arguing that the deal was made before class certification and therefore should face more scrutiny.