HMPT.US
id: 827, Created by Stan Vick, Scout
Home Point (HMPT) $5M IPO Shareholder Settlement
How it works?
- Company agreed to settle with investors to avoid further litigation
- We prepare documents and claim payout for you
E.D. Michigan
Court4:21-cv-11457
Case number29 Jan 2021
Class period Start21 Jun 2021
Class period EndHome Point agreed to pay $5 million to shareholders to resolve claims that $HMPT exaggerated its ability to keep its costs low ahead of the IPO in early 2021.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.29
Filing date
21 June 2021
Plaintiffs
Abdulaziz Jamal Johar Al-Johar
Attorneys
Robbins Geller Rudman & Dowd LLP (New York, NY), VanOverbeke Michaud & Timmony, P.C. (Detroit, MI)
Defendants
William A. Newman, Mark E. Elbaum, Agha S. Khan, Steven A. Levey, Eric L. Rosenzweig, Andrew J. Bon Salle, Laurie S. Goodman, Timothy R. Morse
Judge
Hon. Laurie J. Michelson
Administrator
Gilardi & Co LLC
Settlement agreement date
2023-09-15
Trades matching type
FIFO
+$5,000,000
Total Settlement Amount