The Klein Law Firm Reminds Investors of a Class Action on Behalf of Ocwen Financial Corp. Shareholders & a Lead Plaintiff Dea...
June 06 2017 - 11:25AM
Business Wire
The Klein Law Firm announces that a class action complaint has
been filed on behalf of shareholders of Ocwen Financial Corporation
(NYSE: OCN) who purchased shares between May
11, 2015 and April 19, 2017.
The action, which was filed in the United States District Court for
the Southern District of Florida, alleges that the Company violated
federal securities laws.
In particular, the complaint alleges that throughout the Class
Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (1) Ocwen engaged in
significant and systemic misconduct at nearly every stage of the
mortgage servicing process; (2) the above-mentioned conduct, when
it became known, would subject the Company to heightened regulatory
scrutiny and potential criminal sanctions; (3) consequently,
Ocwen's public statements were materially false and misleading at
all relevant times.
On April 20, 2017, the U.S. Consumer Financial Protection Bureau
announced that it was suing Ocwen, and several states issued
cease-and-desist orders against the Company.
Shareholders have until June 20, 2017 to petition the
court for lead plaintiff status. Your ability to share in any
recovery does not require that you serve as lead plaintiff. You may
choose to be an absent class member.
If you suffered a loss during the class period and wish to
obtain additional information, please contact Joseph Klein, Esq. by
telephone at 212-616-4899 or visit
http://www.kleinstocklaw.com/pslra-sa/ocwen-financial-corporation?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170606006218/en/
The Klein Law FirmJoseph Klein, Esq., 212-616-4899Fax:
347-558-9665www.kleinstocklaw.com
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