Mr. Cooper Group Inc. Securities Fraud Investigation

Shamis & Gentile, P.A. is investigating potential claims on behalf of investors of Mr. Cooper Group Inc. ("Mr. Cooper" or the "Company") (COOP). Impacted investors are advised to contact the firm now.

What Happened?

Over the last few months, Rocket Companies has acquired two large mortgage and real estate companies.

On March 21, 2025, Rocket Companies announced a merger with Mr. Cooper. Under the terms of the agreement, shareholders of Mr. Cooper would receive 11 Rocket Companies shares for each share of Mr. Cooper common stock.

On July 1, 2025, Rocket Companies announced completing its acquisition of Redfin.

On September 30, 2025, the Federal Trade Commission publicly filed suit against Zillow and Redfin, disclosing for the first time the existence of the $100 million agreement and its anticompetitive implications. The following day, at least five state attorneys general filed similar antitrust suits, echoing the FTC’s allegations and further revealing the extent of the previously undisclosed arrangement.

The following day, on October 1, 2025, Rocket Companies announced it had completed its merger with Mr. Cooper.

What is Being Investigated?

The investigation focuses on potential misrepresentations and omissions made by Mr. Cooper regarding the risks and financial prospects associated with its merger with Rocket Companies, and the underlying conduct of Redfin, now a Rocket subsidiary.

Throughout the period from March 31, 2025, through September 30, 2025, the Company and its executives made numerous optimistic statements in press releases, SEC filings, and investor communications, including claims about the merger’s anticipated revenue boost, cost savings and client growth. These representations may have omitted cautionary language about material antitrust risks, regulatory scrutiny and the existence of a significant agreement between Redfin and Zillow.

Public filings, including the merger proxy and registration statements, seemingly failed to disclose details of the anticompetitive arrangement or the potential for regulatory action. Neither may they have referenced a June 4, 2025 Senate antitrust letter or any federal or state investigations. As a result, investors may have been deprived of critical information necessary to evaluate the true risks and value of the merger and the Company’s future prospects.

Market Reaction

On this news, Mr. Cooper's stock price, as reflected in the value of Rocket Companies’ shares received by Mr. Cooper shareholders, fell 10 to 14 percent following October 1, 2025, causing substantial losses to investors.

What Investors Can Do

Investors who received Rocket Companies Class A shares through the Mr. Cooper Group merger and suffered losses following the FTC and state antitrust actions may be eligible to participate in this investigation and pursue recovery of their investment losses. Securities investigations move quickly, and timely action is recommended to protect investor rights. Contact Shamis & Gentile, P.A. today to discuss your options.

Shamis & Gentile, P.A. stands out as an advocate for investors who are victims of securities fraud. The firm is committed to securing recoveries for investors who have incurred damages due to false and misleading statements or other corporate misconduct by public companies. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including class actions, mass torts and mass arbitrations.

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