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Labaton Keller Sucharow LLP Announces the Reopening of the Lead Plaintiff Appointment Process in a Class Action Against Rock Holdings, Inc.

By: Labaton Keller Sucharow LLP via Business Wire

May 09, 2025 at 14:21 PM EDT

Labaton Keller Sucharow LLP (“Labaton”) announces the reopening of the lead plaintiff appointment process in a class action lawsuit against Rock Holdings, Inc. (“RHI”). The action, which is captioned Construction Laborers Pension Trust for Southern California v. Rocket Companies, Inc., No. 21-cv-11528-TLL-APP (E.D. Mich.) asserts claims under Section 10(b) and Section 20A of the Securities Exchange Act of 1934, on behalf of all persons who purchased Rocket Companies, Inc. (“Rocket”) Class A common stock on March 29, 2021 through April 1, 2021, inclusive.

The action alleges that while in possession of material, non-public, adverse information, Defendant RHI on March 29, 2021, sold 20,200,000 shares of Rocket Class A common stock at $24.75 a unit, for total proceeds of $499.95 million. Plaintiff Construction Laborers Pension Trust for Southern California (“SoCal”) and members of the Class purchased Rocket stock contemporaneously with Defendant RHI’s sale of stock without access to this material, non-public, adverse information.

On April 17, 2025, the Court issued an Opinion and Order in which it granted Plaintiff SoCal’s motion for leave to file a renewed motion for class certification. In addition, the Court ordered that, to the extent Plaintiff SoCal wished to seek renewed class certification on narrowed insider trading claims, it was directed to publish this notice.

If you purchased or acquired Rocket Class A common stock on March 29, 2021 through April 1, 2021 and were damaged thereby, you may be a member of the “Class” and may be able to seek appointment as Lead Plaintiff. Lead Plaintiff motion papers must be filed no later than July 8, 2025. The Lead Plaintiff is a court-appointed representative for absent members of the Class. You do not need to seek appointment as Lead Plaintiff to share in any Class recovery in this action. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member. You may retain counsel of your choice to represent you in this action including in making a motion for appointment as Lead Plaintiff.

If you would like to consider serving as Lead Plaintiff or have any questions about this lawsuit, you may contact Connor C. Boehme, Esq. of Labaton at (212) 907-0780, or via email at cboehme@labaton.com.

Plaintiff SoCal is represented by Labaton, which represents many of the largest pension funds in the United States and internationally with combined assets under management of more than $4.5 trillion. Labaton’s litigation reputation is built on its half-century of securities litigation experience, more than ninety full-time attorneys, and in-house team of investigators, financial analysts, and forensic accountants. Labaton has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, Delaware, London, and Washington, D.C. More information about Labaton is available at labaton.com.