VEL CLASS ACTION DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Velocity Financial, Inc.
Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a motion for lead plaintiff in a securities class action that has been filed on behalf of investors that purchased or acquired the common stock of Velocity Financial. ("Velocity" or the "Company") (NYSE: VEL) issued in connection with Velocity's January 2020 IPO (the "Offering Materials"). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Act of 1933.
If you purchased Velocity securities, and/or would like to discuss your legal rights and options please visit Velocity Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose: (1) that a significantly higher proportion of its loan portfolio had become non-performing loans; and (2) any information regarding the onset of the coronavirus, including whether the coronavirus was adversely impacting the real estate market or the Company's business, operations or financial condition.
If you wish to serve as lead plaintiff, you must move the Court no later than September 28, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased Velocity securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/velocityfinancial-vel-shareholder-class-action-lawsuit-stock-fraud-287/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.