Class action lawsuit filed against UWM Holdings for alleged securities law violations
News provided byUWM Holdings Corporation · 2 min read
Bronstein, Gewirtz & Grossman, LLC, a leading investor-rights law firm, has announced the filing of a class action lawsuit against UWM Holdings Corporation (NYSE: UWMC) and certain of its officers. The lawsuit, which seeks to recover damages for alleged violations of federal securities laws, was initiated on September 6, 2026.
The complaint alleges that UWM Holdings and its officers made materially false or misleading statements or failed to disclose critical information between March 9, 2026, and August 5, 2026. Specifically, the firm claims that the company had deviated from its traditional strategy of not hedging its mortgage servicing rights, instead taking a major hedge position. Additionally, it is alleged that UWM over-hedged in anticipation of the Two Harbors transaction, and that the company's efforts to balance its risk created an excess hedging risk.
Investors who purchased or otherwise acquired UWM securities during this period are encouraged to join the lawsuit. The firm has set up a dedicated page on its website, bgandg.com/cases/uwm-holdings-corporation-uwmc-class_action_lawsuit, where interested parties can obtain more information.
According to the complaint, UWM's positive statements about its business, operations, and prospects were materially misleading and lacked a reasonable basis due to these alleged misrepresentations.
For UWM investors who wish to participate in the lawsuit, the firm has provided contact information for Peretz Bronstein, Esq., and Nathan Miller, the Client Relations Manager. Investors have until October 13, 2026, to request that the Court appoint them as lead plaintiffs. Participation does not require serving as a lead plaintiff, and there are no upfront costs.
Bronstein, Gewirtz & Grossman, LLC offers its services on a contingency fee basis, meaning that the firm will seek reimbursement for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if they are successful in the case.
Peretz Bronstein, the Founding Partner of the firm, emphasized the importance of investor protection, stating, "Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace."