At least seven law firms have filed complaints this week accusing Capstead Mortgage Corp. of misleading investors about its financial health for more than a year.

The suits were filed in a U.S. district court in Dallas, where the company is based. The plaintiffs intend to consolidate them eventually as a class action, said Robert Roseman, a partner at Spector & Roseman, one of the law firms.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.