Robbins Geller sets Oct. 13 deadline in UWM securities class action
Robbins Geller says UWM Holdings investors who bought shares during a March-to-August 2026 class period can seek lead-plaintiff status by Oct. 13.
Robbins Geller Rudman & Dowd LLP says investors who bought UWM Holdings Corp. securities between March 9, 2026, and Aug. 5, 2026, have until Oct. 13, 2026, to seek appointment as lead plaintiff in a federal securities class action.
The notice concerns Bond v. UWM Holdings Corporation, No. 26-cv-12862, filed in the U.S. District Court for the Eastern District of Michigan. Robbins Geller says the suit alleges violations of the Securities Exchange Act of 1934 by UWM and certain top executive officers.
The complaint says UWM’s disclosures about its hedging strategy were tied to losses reported in its second-quarter 2026 results. Robbins Geller says the alleged misstatements and omissions affected investors who bought or acquired UWM securities during the class period.
Background
According to the notice, UWM is a residential mortgage lender involved in origination, sale and servicing. The release says UWM and Two Harbors Investment Corp. signed an all-stock merger agreement in December 2025 valued at $1.3 billion to expand UWM’s mortgage servicing rights.
Robbins Geller says Two Harbors terminated that agreement in March 2026 because of a competing offer and agreed to pay UWM’s termination fee. The complaint summary in the release says UWM had deviated from its traditional practice of not hedging mortgage servicing rights and over-hedged in anticipation of the Two Harbors transaction.
The release says that risk-balancing effort created excess hedging risk. It also says defendants’ statements about UWM’s business, operations and prospects were materially misleading or lacked a reasonable basis.
What the company reported
On Aug. 5, 2026, after the market closed, UWM reported second-quarter fiscal 2026 results, according to the notice. Robbins Geller says those results included nearly $603.2 million in interest rate derivatives loss, contributing to a $451.9 million second-quarter net loss. The release also says total equity fell 43.6% year over year.
On Aug. 6, 2026, UWM held an earnings call tied to those results. The notice quotes CEO Mathew Ishbia as saying UWM was “over-hedged” and did not traditionally hedge its mortgage servicing rights, but did so to protect against the Two Harbors transaction.
Robbins Geller says Ishbia also said the company put a hedge on to protect against that risk and that the Two Harbors transaction later went away. The release says UWM shares fell nearly 35% on the news, according to the complaint.
What happens next
The Private Securities Litigation Reform Act allows investors who purchased or acquired UWM securities during the class period to ask the court to appoint them as lead plaintiff. Robbins Geller says the deadline to do so is Tuesday, Oct. 13, 2026.
The firm says investors can contact attorneys Ken Dolitsky or Michael Albert. The release provides a phone number and email contact for the firm.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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