Velocity Financial, Inc. Litigation

Feb 24, 2021

No Appeal- Closed

Jan 25, 2021

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Nov 23, 2020

Scheduling Order

Nov 20, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Nov 6, 2020

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Velocity Financial, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Oct 30, 2020

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Sep 16, 2020

Scheduling Order

Jul 29, 2020

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Velocity Financial, Inc..