The law firm said it is examining possible federal securities law violations after Better delayed a $1.0 billion monthly funded loan volume target and then replaced founder Vishal Garg with interim CEO Daniel Lewis.
The Law Offices of Frank R. Cruz said it is continuing an investigation into Better Home & Finance Holding Company over possible federal securities law violations tied to two sharp share-price declines in 2026. The firm pointed to Better Home's May 7 first-quarter 2026 results, when the company said its previously announced goal of reaching $1.0 billion in monthly funded loan volume would likely be deferred, citing in part borrower hesitation in a higher-rate environment. Better's stock fell $12.17, or 28.5%, to close at $30.52 that day. The firm also cited Better's August 3 announcement naming Daniel Lewis interim CEO, effective immediately, succeeding founder Vishal Garg. After that development, the stock dropped $9.98, or 36.56%, to close at $17.32 on August 4, according to the release. The announcement invites investors who purchased Better securities and lost money to contact the firm about potentially pursuing claims.