One securities class action challenges UWM’s disclosures, while two newer stockholder suits target board oversight of the $27.5 billion derivatives position
Rocket is offering partners up to $10,000 to help bring UWM brokers onto its platform
Amended complaint adds a named broker, new loan-level figures and a claim that damages have climbed to at least $100 million
The mortgage lender portrayed its founder as unfit to lead, but Garg says it offered him a lucrative advisory role three days after firing him
The latest court order represents a significant 'mixed bag' for both sides
The former CEO acknowledges an “administrative error” left him without enough consents to remove five directors, but his formal campaign for board control is moving forward
Two Harbors disputes UWM’s claims and questions its $603.2 million derivatives loss, while Ishbia says the wholesale lender has never been stronger
UWM argues Refi75 was permissible mass advertising
The settlement ends a multiyear legal battle between the co-founders of NEXA Lending
The complaint alleges former employees secretly funneled borrower information and loan opportunities to EMC and UWM