J&W Announces Investigation of Ocwen Financial Corporation; Investors Encouraged to Contact Firm
SAN DIEGO- PRNewswire —April 22, 2017
Shareholder Rights Law Firm Johnson & Weaver, LLP announces the filing of a class action lawsuit on behalf of purchasers of Ocwen Financial Corporation (NYSE: OCN) between May 11, 2015 and April 19, 2017, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Ocwen investors under the federal securities laws.
The complaint alleges that defendants during the Class Period made false and misleading statements and Ocwen violated federal securities laws by making materially false and misleading public statements about its business, operations and compliance policies. On April 19, 2017, the last day of the Class Period, the Consumer Financial Protection Bureau (“CFPB”), which is charged with enforcing the Dodd-Frank Wall Street Reform and Consumer Protection Act that protects consumers from unfair, deceptive, or abusive acts or practices, and other federal consumer financial laws, issued a press release (the “CFPB press release”) announcing that it had filed a lawsuit against Ocwen Financial, and its subsidiaries for “failing borrowers at every stage of the mortgage servicing process.” Following this news announcement, the stock price of Ocwen plummeted, causing investors harm.
If you wish to serve as a lead plaintiff, you must move the Court no later than June 20, 2017.
If you have held Ocwen shares continuously held shares before May 11, 2015, you may have the standing to hold Ocwen harmless from the damage the officers and directors caused by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.
If you are an Ocwen shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com