Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until June 20, 2017 to file lead plaintiff applications in a
securities class action lawsuit against Ocwen Financial Corporation
(NYSE: OCN), if they purchased the Company’s securities between May 11,
2015 and April 19, 2017, inclusive (the “Class Period”). This action is
pending in the United States District Court for the Southern District of
Florida.
What You May Do
If you purchased securities of Ocwen and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, call toll-free at 1-877-515-1850 or email KSF Managing Partner
Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by June 20, 2017.
About the Lawsuit
Ocwen and certain of its executives are charged with failing to disclose
material information during the Class Period, violating federal
securities laws.
On April 20, 2017, the Associated Press reported that the U.S. Consumer
Financial Protection Bureau and the Florida Attorney General had filed
suit against Ocwen based on a myriad of failures by the Company to meet
obligations to its customers over many years, resulting in increased
borrowing expenses and even illegal foreclosures. Further, financial
regulators in over 20 other states have issued cease-and-desist and
license revocation orders against Ocwen alleging faulty escrow
management and other licensing issues.
On this news, the price of Ocwen’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170526005724/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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