Home / Top News / Rocket Companies, Inc. Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Rocket Companies, Inc.
Rocket Companies, Inc. Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Rocket Companies, Inc.
RADNOR, Pa., July 13, 2021 (GLOBE NEWSWIRE) The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Eastern District of Michigan against Rocket Companies, Inc. (NYSE: RKT) (“Rocket”) on behalf of those who purchased or acquired Rocket Class A common stock
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CCIV is a blank check company, also known as a special purpose acquisition company. Atieva, Inc., d/b/a Lucid Motors (“Lucid”), is an American automotive company specializing in electric cars. As of 2020, Lucid’s first car, Lucid Air, is in development.
On Monday, February 22, 2021, the long anticipated merger agreement between CCIV and Lucid was announced. CCIV and Lucid’s transaction equity value was estimated at $11.75 billion. However, at 6:22 p.m. that same night, Ed Ludlow of Bloomberg News reported that Peter Rawlinson, Lucid’s Chief Executive Officer, announced that production of its debut car will be delayed until at least the second half of 2021, with no definite date set for delivery of an actual vehicle.
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Rocket is an online mortgage lender that operates the Rocket Mortgage online platform, which allows clients to apply for and service mortgages through the Internet or by using Rocket’s proprietary mobile phone app. Rocket operates two primary segments: (1) the Direct-to-Consumer segment; and (2) the Partner Network segment.
The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Rocket’s gain on sale margins were contracting at the highest rate in two years as a result of increased competition among mortgage lenders, an unfavorable shift toward the lower margin Partner Network operating segment and compression in the price spread between the primary and secondary mortgage markets; (2) Rocket was engaged in a price war and battle for market share with its primary competitors in the wholesale market, which was further compressing margins in Rocket’s Partne
Candy Cartwright Files To Dismiss Multi-Million Dollar Lawsuit Against Matt Riddle
Candy Cartwright (Samantha Tavel) has reportedly dismissed her multi-million dollar lawsuit against Matt Riddle.
Court documents show that Cartwright filed to dismiss the lawsuit on Monday, according to TMZ Sports. There is no word yet on if the two sides reached a monetary settlement.
“The parties have put this in their past and are focused on the future,” said Cartwright’s attorney, John Chwarzynski, in a statement.
As noted back in October at this link, Riddle’s “#SpeakingOut” accuser Cartwright filed a multi-million dollar lawsuit against Riddle, WWE, EVOLVE and Gabe Sapolsky. This lawsuit came after Riddle filed a lawsuit against Cartwright back in September, which you can read at this link. Cartwright filed to sue each party for $10 million for various damages, emotional distress, attorney’s fees, and court costs.
Blackbird Technologies Settles Two More Patent Cases Concerning LED Technology
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Blackbird Technologies, a company dedicated to helping independent inventors and small companies realize value from their patents, has settled two more patent infringement lawsuits concerning LED technology.
We now have more than a dozen licenses to this patent covering technology that has been universally adopted by the lighting industry. The inventors understood the capabilities of LED technology long before others in the industry. BOSTON (PRWEB) July 14, 2021 Blackbird Technologies settles with LED companies, Damar and TADD.
In 2016, Blackbird Technologies filed two patent infringement lawsuits in the United States District Court for the District of Delaware concerning technology relating to LED retrofit bulbs for fluorescent lighting fixtures. This technology is used to replace fluorescent tubes used widely in comm