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SHAREHOLDER WARNING: Legislation agency Pomerantz is investigating claims in favor of buyers in Velocity Monetary, Inc. – VEL – Yahoo Finance

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "NEW YORK, NY / ACCESSWIRE / Aug 27, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Velocity Financial, Inc. ("Velocity" or the "Company") (NYSE: VEL). It is recommended that such investors contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, extension 7980. "data-reactid =" 12 ">NEW YORK, NY / ACCESSWIRE / Aug 27, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Velocity Financial, Inc. ("Velocity" or the "Company") (NYSE: VEL). These investors are encouraged to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 1. 7980.

The investigation concerns whether Velocity and any of its officers and / or directors have committed securities fraud or other illegal business practices.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "(Click here for information on how to participate in the class action.)"data-reactid =" 14 "> (Click here for information on joining the class action.)

On or about January 17, 2020, Velocity began its initial public offering ("IPO") selling 7,250,000 shares at a price of $ 13.00 per share and raising $ 94,250,000 in new capital. Since going public, Velocity's share price has fallen significantly, closing at just $ 2.47 per share, an 81% decrease from the offering price.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The company Pomerantz with offices in New York, Chicago, Los Angeles and Paris are recognized as a premier corporate, securities and antitrust litigation firm. Founded by the late Abraham L. Pomerantz, best known as the dean of class action, the Pomerantz Firm Today, more than 80 years later, Pomerantz continues Continuing its tradition of fighting for the rights of victims of securities fraud, fiduciary violations, and corporate misconduct, the company has recovered from numerous tens of millions of dollars in damages paid on behalf of class members www.pomerantzlaw.com. "data-reactid =" 20 "> The Pomerantz company with offices in New York, Chicago, Los Angeles and Paris is one of the leading companies in the fields of corporate, securities and antitrust disputes. Founded by the late Abraham L. Pomerantz, Known as the dean of the class action lawsuit, pioneered the Pomerantz Company. Today, more than 80 years later, the Pomerantz Company continues its tradition of fighting for the rights of victims of securities fraud, fiduciary violations and corporate misconduct has filed numerous multi-million dollar claims for damages on behalf of class members, see www.pomerantzlaw.com.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SOURCE: Pomerantz LLP "data-reactid =" 21 ">SOURCE: Pomerantz LLP

View source version on accesswire.com:
https://www.accesswire.com/603754/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Velocity-Financial-Inc–VEL

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