BOSTON, April 21, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm representing investors nationwide announces that a class action lawsuit has been filed against Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE: OCN) and certain of its officers and directors alleging violations of the federal securities laws, and encourages shareholders to contact the firm to learn more about their legal rights.

If you purchased or otherwise acquired Ocwen (OCN) securities and have questions about your legal rights, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at bradley@blockesq.com, or by visiting www.blockesq.com/ocn.

The lawsuit comes one day after the U.S. Consumer Financial Protection Bureau sued Ocwen, alleging that the Company has engaged in "years of widespread errors, shortcuts, and runarounds" that have "cost some borrowers money and others their homes."  On this news, the Company's shares plunged more than 50%, causing hundreds of millions in losses to the Company and its investors.

Block & Leviton is investigating whether Ocwen and its officers and directors have breached their fiduciary duties.

Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

This notice may constitute attorney advertising.

CONTACT:

Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com

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SOURCE Block & Leviton LLP