The complaint, filed by the Law Offices of Frank R. Cruz, alleges that the company departed from its long-standing policy of avoiding hedges on mortgage servicing rights. According to the filing, UWM Holdings took on substantial hedge positions in anticipation of the Two Harbors transaction, ultimately creating an excess hedging risk that was never disclosed to the market.
These undisclosed maneuvers allegedly rendered the company’s public statements about its business prospects materially misleading. Shareholders seeking to participate in the action or obtain more information regarding their legal standing can contact the firm at 310-914-5007 or via their website. Those who choose not to act remain absent class members and do not need to take immediate steps to be included in the litigation.
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