California-based nonbank lender loanDepot is the target of a new shareholder lawsuit.
Investor Tuyet Vu accuses seven top executives and board members, including loanDepot’s founder Anthony Hsieh, of making misleading statements and omitting information in connection with the company’s initial public offering (IPO).
LoanDepot debuted in the stock exchange in February 2021, raising just $54 million.
The suit was filed in the U.S. District Court in Delaware on March 11. Two other federal securities fraud details ⇒
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