1. Investigation launched into UHG board's fiduciary duty breaches. 2. UHG previously known as DiamondHead Holdings Corp before March 2023. 3. Levi & Korsinsky seeks to protect shareholders' rights. 4. The firm specializes in securities litigation and has significant expertise. 5. Prior cases have recovered substantial amounts for shareholders.
Investigations into board conduct often lead to negative investor sentiment, similar to past cases where fiduciary breaches led to stock declines.
The lawsuit could directly impact UHG's governance and stockholder confidence, leading to potential trading volatility.
Immediate market reaction likely due to the announcement; however, long-term effects depend on investigation outcomes.
NEW YORK, Feb. 11, 2025 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who own United Homes Group Inc ("UHG" or the "Company") (NASDAQ: UHG) stock purchased on or before March 20, 2023 (from when the company was known as DiamondHead Holdings Corp.).
Levi & Korsinsky, LLP has commenced an investigation into potential breaches of fiduciary duty by the UHG board of directors.
To learn more about the action and your rights, go to:
https://zlk.com/mna2/united-homes-group-inc-lawsuit-submission-form
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The UHG investigation concerns whether the board of directors breached its fiduciary duties owed to the company's stockholders.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP