The complaint centers on allegations that Better Home misled the market by concealing a slowdown in its conversion funnel caused by macroeconomic pressures. Plaintiffs argue that these undisclosed factors made the company's $1 billion monthly funded volume target unattainable, rendering previous executive statements regarding business prospects materially misleading.
Market confidence fractured on May 7, 2026, when the firm reported first-quarter results and issued second-quarter loan volume guidance of $1.575 to $1.725 billion, a stark departure from earlier projections of $1 billion in monthly volume by late May. During the subsequent earnings call, CEO Vishal Garg confirmed that conversion rates had declined significantly since the first quarter. Following the announcement, Better Home shares plummeted $12.17, closing at $30.52—a 28.5% decline in a single session. Investors seeking to participate in the class action must contact Robbins LLP before the November 20, 2026, lead plaintiff deadline.
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