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 May 15, 2017 to file lead plaintiff applications in
securities class action lawsuits against Walter Investment Management
Corporation (NYSE: WAC), if they purchased the Company’s securities
between February 29, 2016 and March 13, 2017, inclusive (the “Class
Period”). These actions are pending in the United States District Courts
for the Middle and Southern Districts of Florida.
What You May Do
If you purchased securities of Walter Investment 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 May 15, 2017.
About the Lawsuit
Walter Investment and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On March 14, 2017, Walter Investment disclosed that “[a]s of December
31, 2016, we identified a material weakness in internal controls over
operational processes within the transaction level processing of” its
subsidiary “Ditech Financial[’s] default servicing activities.”
On this news, the price of Walter Investment’s shares plummeted by over
38%.
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/20170421005895/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner,
877-515-1850
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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