Key Takeaways
NEW YORK — Levi & Korsinsky, LLP, has notified investors of a securities class action lawsuit against United Homes Group, Inc. (NASDAQ: UHG), naming Chief Financial Officer Keith Feldman as a defendant after the stock lost 73% of its value.
"Individual officers who sign SEC certifications bear personal responsibility for the accuracy of corporate disclosures," Joseph E. Levi, Esq., said in a statement. "When a CFO certifies that disclosure controls are effective, investors rely on that representation."
The action charges that Feldman signed multiple SEC filings, including Form 10-Q reports for the second and third quarters of 2025, which certified the company's disclosure controls and procedures as "effective." These certifications were made while controlling shareholder Michael Nieri was allegedly taking steps to devalue the company to force a sale at a significant discount. The complaint notes that six of seven board members resigned over Nieri's alleged refusal to cede control.
Under Section 20(a) of the Securities Exchange Act, individuals who control a company that violates securities laws may be held liable. The complaint contends Feldman, by virtue of his position and his personal certification obligations under the Sarbanes-Oxley Act, had the power to control the company's public filings and ensure their accuracy. The lead plaintiff deadline for investors who purchased securities between May 19, 2025, and February 22, 2026, is June 9, 2026.
The lawsuit creates significant legal and financial risk for United Homes Group, which could face substantial penalties and a continued loss of investor confidence. The case also names Executive Chairman Michael Nieri and CEO John G. Micenko, Jr. as defendants. The upcoming lead plaintiff deadline on June 9, 2026, is the next key date that will shape the course of the litigation.
This article is for informational purposes only and does not constitute investment advice.
