A shareholder is suing Two Harbors Investment Corp. and members of its board over alleged potential violations of the Securities Exchange Act of 1934 tied to the company’s proposed acquisition by UWM Holdings Corp.

Shareholder Michael Koblentz claims that Two Harbors submitted “materially incomplete and misleading” information about the transaction’s financial impact in filings with the U.S. Securities and Exchange Commission (SEC). He also alleges company executives may have traded shares around the deal’s announcement to “maximize their profits.”

The lawsuit — which names chairman Stephen Kasnet and president and CEO William Greenberg as defendants — was filed Feb. 4 details ⇒

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