The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of VEL, KODK and POR
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September 25, 2020 (ACCESSWIRE via COMTEX) —
NEW YORK, NY / ACCESSWIRE / September 25, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Velocity Financial, Inc. (NYSE:VEL)This lawsuit is on behalf of investors who purchased VEL stocks pursuant and/or traceable to the Registration Statement and Prospectus, as amended, issued in connection with Velocity’s January 2020 initial public offering.Lead Plaintiff Deadline: September 28, 2020
According to the filed complaint, defendants failed to disclose that, at the time of Velocity’s initial public offering (the “IPO”), the Company’s non-performing loans had dramatically increased in size