San Diego, CA -- (SBWIRE) -- 08/18/2021 -- loanDepot, Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of loanDepot, Inc. (NYSE: LDI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by loanDepot, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Foothill Ranch, CA based loanDepot, Inc. engages in the origination and servicing of conventional and government mortgage loans in the United States.

On or around February 11, 2021, loanDepot, Inc. conducted its initial public offering ("IPO"), selling 3.85 million shares of stock priced at $14.00 per share. Then, on August 3, 2021, loanDepot, Inc. issued a press release announcing its financial results for the second quarter of 2021. Among other results, loanDepot reported non-GAAP and GAAP earnings per share and revenue that all fell short of consensus estimates. The Company stated that its results "reflect[ed] lower loan origination volumes and profit margins" and that its "revenues were lower on decreased gain on sale margins."

Shares of loanDepot, Inc. (NYSE: LDI) declined to $8.62 per share on August 3, 2021.

Those who purchased shares of loanDepot, Inc. (NYSE: LDI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.