UWM Holdings Corporation
Robbins LLP served as co-lead counsel for the class of Gores IV stockholders who were entitled to redeem their shares of stock in connection with the Company's merger with Legacy UWM. Shareholders sued for breach of fiduciary duty noting the Proxy's patently unattainable financial projections, especially because Gores' board should have known that mortgage originations were significantly slowing. After extensive discovery, Robbins LLP secured $17.5 million for the class.
In re Gores Holdings IV, Inc. Stockholder Litigation, C.A. No. 2023-0284-LWW (Del Ch. July 15, 2025)
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