The legal scrutiny centers on a period between March 13 and May 7, 2026, when executives repeatedly assured shareholders that the company remained on track to hit a $1 billion monthly funded loan volume by May. During an earnings call, then-CEO Vishal Garg and CFO Loveen Advani painted a picture of growth that appeared insulated from broader market volatility. However, the reality revealed in the subsequent Q1 2026 report diverged sharply from those projections.
By early May, Better Home conceded that its loan volume target had been slashed to a mid-point of $1.65 billion for the entire second quarter—effectively $550 million per month. This 45% shortfall, paired with a 75% sequential increase in net losses, prompted the departure of Garg. Hagens Berman, the firm leading the investigation, is now examining whether management knowingly misled investors about the health of their conversion funnel while claiming the business was immune to external economic pressures. Shareholders have until November 20, 2026, to file as lead plaintiffs in the case.
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