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UWMC Class Action Alert: UWM Holdings Hedging Strategy Issues and Subsequent 34% Stock Drop Lead to Investor Securities Fraud Class Action to Recover Losses
Source: prnewswire.com
Legal & LitigationCompany FundamentalsBanking & LiquidityRegulation & Legislation
UWM was sued for securities fraud after its stock fell 34.78%, with plaintiffs alleging the company misrepresented its mortgage servicing rights hedging strategy. The suit also claims the risks tied to hedging connected to the Two Harbors transaction were not adequately disclosed.
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