Scott+Scott Attorneys at Law LLP Reminds Investors of the November 8, 2021 Deadline in Securities Class Actions Against LoanDepot, Inc. (NYSE: LDI)

NEW YORK–(BUSINESS WIRE) – Scott + Scott Attorneys at Law LLP (“Scott + Scott”), an international shareholder and consumer rights law firm, reminds investors that LoanDepot, Inc. (NYSE: LDI) (“LoanDepot” or the “Company “) And certain other defendants who alleged violations of Sections 11 and 15 of the 1933 Securities Act alleged suffered or unrealized loss are recommended to contact Jonathan Zimmerman for more information at (888) 398-9312 or jzimmerman @ scott- contact scott.com. The main plaintiff’s deadline ends on November 8, 2021.

LoanDepot held its IPO in February 2021 and sold 3,850,000 Class A common shares to the public at a price of $ 14 per share.

The lawsuits allege that the offer documents filed in connection with LoanDepot’s initial public offering were materially false and misleading and did not indicate that: (i) LoanDepot’s funding sources at the time of the IPO due to overcapacity in the industry and increased competition had already declined significantly; (ii) LoanDepot’s profit margins had already decreased significantly at the time of the IPO; (iii) this would adversely affect LoanDepot’s revenue and growth; and (iv) as a result, Defendants’ positive statements about the business, operations and prospects of LoanDepot were materially misleading and / or unfounded.

By August 17, 2021, LoanDepot’s share price had dropped to $ 8.07 per share – a decrease of more than 42% from its $ 14 initial public offering. Today it is being traded even lower.

Deadline of the lead plaintiff

The lead plaintiff deadline in this lawsuit is November 8, 2021. Any member of the proposed group may attempt to serve as lead plaintiff through an attorney of their choosing or may choose not to do anything and remain a member of the proposed group.

What you can do

If you purchased LoanDepot stock between February 11 and August 10, 2021, or if you have any questions about this notice or your statutory rights, please contact Attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman @ scott-scott .com.

About Scott + Scott

Scott + Scott has extensive experience pursuing major securities, antitrust, and consumer litigation across the United States. The firm represents pension funds, foundations, individuals and other companies worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia and Ohio.

This can be viewed as a lawyer solicitation.

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