Shupe v. Rocket Companies, Inc. et al

  1. August 31, 2023

    Rocket Mortgage Investors Seek Cert. In Loan Downturn Suit

    Investors in the parent company of Rocket Mortgage have asked a Michigan federal judge to certify their proposed class in a suit alleging the company failed to disclose a downturn in demand for certain loans, hurting shareholders after trading prices for its shares fell once the company acknowledged the trend's damage to its revenues.

  2. July 05, 2023

    Rocket Mortgage Can't Trim Investors' Fraud Suit

    A Michigan federal judge has denied Rocket Mortgage's renewed bid to whittle down the number of actionable statements in a securities fraud suit against it, ruling that the request was not worth considering because it would not change the fact that the lender must face investor claims.