Los Angeles - 
(NewMediaWire) - June 29, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Home
Point Capital Inc. (“Home Point” or “the Company”) (NASDAQ: HMPT) for
violations of the
federal securities laws.
Investors who
purchased the Company's shares pursuant and/or traceable to the Company’s January
29, 2021 initial public offering (the "IPO"), are encouraged to
contact the firm before August 20, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market. Home
Point’s plan to aggressively expand its broker partners would in turn
dramatically increase its expenses. The mortgage industry anticipated shrinking
gain-on-sale margins due to rising interest rates, resulting in increased
competitive pressures on the Company. The Company overstated its business and
growth prospects. Based on these facts, the Company’s public statements and
offering documents were false and materially misleading throughout the IPO
period. When the market learned the truth about Home Point, investors suffered
damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
