UWM sues Two Harbors alleging rigged shareholder outreach and fraud
UWM claims Two Harbors’ “chicanery” and backroom dealings prioritized management self-interest over contractual and legal duties, causing significant financial harm. After Two Harbors reported a $451.9 million net loss for Q2 2026, UWM sued in Maryland federal court for more than $500 million, alleging fraudulent conduct and deliberate breaches tied to shareholder outreach and deal process.