Step 1
Draft
Step 2
Unite with Fellow Investors
Step 3
Choose the Best Attorney
Step 4
Provide Documents
Step 5
Follow Case Progress
Step 6
Get Payout
UWMC.US
id: 1692
UWM Holdings ($UWMC) $17.5M Investor Settlement
Late claims are being considered for compensation, subject to approval.
$17,500,000
Cash SettlementDelaware court of Chancery
Court2023-0284-LWW
Case number01/15/2021
Class period Start03/07/2023
Class period End08/13/2025
Claim deadlineUWM Holdings Corporation ($UWMC), formerly Gores Holdings IV, has agreed to settle $17.5 million with investors to resolve claims that the company misled shareholders about its financial performance and underwriting practices following the 2021 SPAC merger.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Failure to Disclose,
Breach of Fiduciary duty
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.5
Plaintiffs
Richard Delman
Attorneys
Robbins Geller Rudman & Dowd LLP
Defendants
Alec Gores ; Randall Bort ; William Patton ; Jeffrey Rea ; Mark Stone
Administrator
A.B. Data Ltd
Exclusion deadline
06/23/2025
Objection deadline
06/23/2025
Attorney fee
$5,437,500
Trades matching type
FIFO
Frequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
How much will my payment be?
How to get your payout?
What is 11th.com?
Trusted by industry leaders
Endorsed by top professionals who trust our innovative solutions to drive impactful results.