loanDepot (NYSE: LDI) Securities Litigation Settlement: $3.5M
Did loanDepot mislead investors? A settlement has been reached that addresses these claims, sidestepping the costs and risks of continued litigation. This agreement compensates affected investors and absolves loanDepot and its directors and officers from further liability.
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Claim Form
Click Here to Submit a ClaimWho's eligible?
Investors who purchased or otherwise acquired loanDepot Stock during the Class Period, or who purchased or otherwise acquired loanDepot Stock traceable to the Registration Statement filed in connection with loanDepot’s initial public offering completed on February 16, 2021, and were allegedly damaged thereby.
Proof of Purchase
Yes
Settlement At a Glance
Settlement Amount
$0.37 per Share
Claim Form Deadline
04/24/2024
Exclusion Deadline (Opt-Out)
03/29/2024
Final Approval Hearing
03/19/2024
Additional Information
Court-appointed lawyers for investors will ask the Court for up to $1,070,000 (approximately 11.33 cents per share) from the Settlement Amount as fees and expenses for investigating the facts, litigating the case, and negotiating the settlement.
** Preliminarily Approved** means that the parties agree to the settlement terms by executing a settlement agreement. Next, the settlement agreement must be approved by the court. The judge in the case must agree that the terms of the settlement are fair, reasonable and adequate to the class members.
Think you might have a case? If you believe you've been affected by a similar situation, browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!
Stay Informed
Class Action Settlement Website:
https://www.loandepotsettlement.com/submit-claimClaims Administrator:
Legal Representation
Case Name:
Class Counsel:
The Schall Law Firm
Defense Counsel:
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