Company Website:
http://lundinlawpc.com
LOS ANGELES -- (Business Wire)
Lundin
Law PC, a shareholder rights firm, announces a class action lawsuit
against Ocwen Financial Corporation (“Ocwen” or the “Company”)
(NYSE:OCN) concerning possible violations of federal securities laws
between May 11, 2015 and April 19, 2017 inclusive (the “Class Period”).
Investors who purchased or otherwise acquired shares during the Class
Period should contact the firm in advance of the June 20, 2017 lead
plaintiff motion deadline.
To participate in this class action lawsuit, click
here. You can also call Brian Lundin, Esquire, of Lundin Law PC,
at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
According to the Complaint, Ocwen made false and/or misleading
statements and/or failed to disclose: that the Company engaged in
significant and systemic misconduct at nearly every stage of the
mortgage servicing process; that this conduct would subject Ocwen to
heightened regulatory scrutiny and potential criminal sanctions; and
that as a result of the above, the Company’s public statements were
materially false and misleading at all relevant times. On April 20,
2017, the Consumer Financial Protection Bureau announced that it was
suing Ocwen, and several states issued cease-and-desist orders against
the Company. When this information was released to the public, shares of
Ocwen dropped in value significantly.
Lundin Law PC was established by Brian Lundin, a securities litigator
based in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170422005029/en/
Contacts:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
Source: Lundin Law PC
© 2024 Canjex Publishing Ltd. All rights reserved.