ALERT: Robbins Geller Rudman & Dowd LLP Announces Opportunity for Investors With Substantial Losses to Lead the Home Point Capital Inc. Class Action Lawsuit

SAN DIEGO, August 10, 2021 (GLOBE NEWSWIRE) – Robbins Geller Rudman & Dowd LLP announces that the Home Point Capital class action lawsuit charges Home Point Capital (NASDAQ: HMPT) and certain of its officers and directors of violating the Securities Act of 1933 and seeking to seek and / or traceable buyers of Home Point Capital common stock represented Home Point Capital’s initial public offering on January 29, 2021 (“IPO”). The class action lawsuit against Home Point Capital is entitled Windemuth v. Home Point Capital Inc., No. 21-cv-11457 and was filed in the Eastern District of Michigan on June 21, 2021.

If you have suffered significant losses and are the lead plaintiff Capital of the home point Class action, Please fill in your information by clicking here. You can also contact a lawyer JC Sanchez from Robbins Geller by phone at 800 / 449-4900 or by email at [email protected]. Main plaintiff motions for the Capital of the home point The class action lawsuit must be filed with the court by August 20, 2021 at the latest.

CASE ALLEGATIONS: Home Point Capital’s class action lawsuit alleges that Home Point Capital’s offering documents contained false and / or misleading information and / or failed to disclose: (i) Home Point Capital’s aggressive expansion with its brokerage partners would result in spending Dramatically Increase Home Point Capital; (ii) the mortgage industry expected lower profit margins across the industry due to rising interest rates in 2021 and home point capital would face the same competitive pressures; (iii) accordingly, Home Point Capital had overestimated its business and financial prospects; and (iv) as a result, Home Point Capital’s offer documents were materially false and / or misleading and did not contain any information required to be disclosed therein.

On May 6, 2021, Home Point Capital published a press release announcing Home Point Capital’s financial results for the first quarter of 2021. Among other things, Home Point Capital reported revenues of $ 324.2 million and missed consensus estimates by $ 41.72 million. Because of this news, Home Point Capital’s share price fell nearly 18%, which hurt investors.

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THE LEAD APPLICANT PROCESS: The Private Securities Litigation Reform Act of 1995 allows any investor who has acquired and / or is attributable to Home Point Capital’s common stock in accordance with Home Point Capital’s initial public offering to seek appointment as the lead plaintiff in Home Point Capital’s class action . A lead plaintiff is usually the applicant with the greatest financial interest in the legal protection sought by the alleged class, which is also typical and appropriate for the alleged class. One lead plaintiff is acting on behalf of all of the other class plaintiffs in directing the Home Point Capital class action. The lead plaintiff can select a law firm of their choice to bring Home Point Capital’s class action lawsuit. An investor’s ability to participate in a possible future collection of Home Point Capital’s class action lawsuit does not depend on being the lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices across the country, Robbins Geller Rudman & Dowd LLP is the largest US law firm serving investors in securities class actions. Robbins Geller’s attorneys have secured many of the largest shareholder recoveries in history, including the largest securities class action of all time – $ 7.2 billion – in In re Enron Corp. Sec. Lit. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for getting $ 1.6 billion back for investors last year, more than double the amount paid by any other securities plaintiff firm was drafted. Please visit https://www.rgrdlaw.com/firm.html for more information.

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Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
JC Sanchez, 800-449-4900
[email protected]