Pomerantz Appointed Lead Counsel in loanDepot Securities Litigation

On May 2, 2022, U.S. District Judge Josephine L. Staton of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Arthur Gary LaFrano, the Lead Plaintiff, and the class, in Eljon Lako v. Loandepot, Inc. et al, 8:21-cv-01449-JLS-JDE (C.D. Cal.). This securities action alleges that loanDepot, Inc. ("loanDepot" or the "Company") failed to disclose declines in its loan operation business that negatively impacted its revenue and growth. loanDepot is an independent retail mortgage lender that provides residential loans, refinance loans, and personal loan products nationwide. Allegations against loanDepot include that…