/PRNewswire/ Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach.
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Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its fourth quarter and full year 2020 results after the market close on Tuesday, March 16, 2021. Velocity’s executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day.
Webcast Information
The conference call will be webcast live in listen-only mode and can be accessed through the Events and Presentations section of Velocity Financial’s Investor Relations website at https://www.velfinance.com/events-and-presentations. To listen to the webcast, please go to Velocity’s website at least 15 minutes before the call to register and to download and install any needed software.
Seyfarth Synopsis:
Two recent decisions on motions to dismiss in COVID-related class action securities litigations one successfully dismissed, the other largely surviving show that a bare allegation of failure to predict the extent of the pandemic in public filings may not be enough to state a claim, but more robust allegations of misleading investors on COVID issues may be viable.
Separate federal courts recently decided motions to dismiss in two of the earliest filed COVID-related securities litigations, with notably different outcomes. On January 25, 2021, the Central District of California in
Berg v. Velocity Financial, Inc., dismissed a claim of alleged failure to adequately disclose COVID risks.