LOS ANGELES, June 19, 2017 /PRNewswire/ -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE: OCN) for possible violations of federal securities laws between January 13, 2015 and April 20, 2017 inclusive (the "Class Period"). Investors who purchased or otherwise acquired Ocwen shares during the Class Period, should contact the firm prior to June 20, 2017, the lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may choose to do nothing and be an absent class member as well.
The Complaint alleges that throughout the Class Period, Ocwen made false and/or misleading statements and/or failed to disclose: that the Company engaged in systemic misconduct at almost every stage of the mortgage servicing process; that this conduct would subject Ocwen to heightened regulatory scrutiny and potential criminal sanctions; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times. On April 20, 2017, the Consumer Financial Protection Bureau announced that it was suing Ocwen, and several states issued cease-and-desist orders against the Company. When this news reached the public, Ocwen's stock price dropped materially, which harmed investors according to the Complaint.
Lundin Law PC was founded by Brian Lundin, a securities litigator located in Los Angeles dedicated to upholding the rights of shareholders.
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethics rules.
Lundin Law PC
Brian Lundin, Esq.
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SOURCE Lundin Law PC