Investors in UWM Holdings given chance to lead lawsuit over alleged fraud
News provided byUWM Holdings Corporation · 1 min read
LOS ANGELES, Sept. 4, 2026 /CourierPR/ -- Investors with losses in UWM Holdings Corporation (UWMC) have been given an opportunity to lead a securities fraud class action lawsuit, according to a press release from the law firm Glancy Prongay Wolke & Rotter LLP (GPWR).
The lawsuit alleges that between March 9, 2026, and August 5, 2026, the company made materially false and/or misleading statements and failed to disclose material adverse facts regarding its business, operations, and prospects. Specifically, the complaint states that the company deviated from its traditional strategy of not hedging its mortgage servicing rights, took a major hedge position, over-hedged in anticipation of the Two Harbors transaction, and that its purported efforts to balance risk actually created an excess hedging risk. The lawsuit claims that as a result, the company's positive statements to investors were materially misleading and lacked a reasonable basis.
The firm, known for its experience in representing investors and consumers in complex class action litigation, is now seeking to assist shareholders in potentially recovering their losses. Investors who suffered financial harm are advised to act quickly. The lead plaintiff must move the court by October 13, 2026.
Founded in 1990, GPWR is a leading national law firm with extensive experience in securities litigation. The firm has been recognized for its recent successes, including being named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. Its lawyers have handled cases covering a wide range of corporate misconduct, including issues in nearly all industries and sectors. Notable past results have been covered by major news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.