NEW YORK, Aug. 5, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Isle of Ocwen Financial Corp. ("Ocwen" or the "Company") (NYSE: OCN). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether Ocwen and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On August 4, 2014, the New York's Department of Financial Services ("DFS") disclosed that it was investigating whether the Company entered into improper transactions with affiliated entities. According to the DFS, Ocwen entered into an arrangement with Altisource Portfolio Solutions S.A., whose executives have substantial ties to the Company, which raises concerns about whether such transactions were priced fairly and conducted at arm's-length.

On this news, shares of Ocwen fell $0.69 per share to $26.98, or more than 2.5%, on August 4, 2014.

The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

SOURCE Pomerantz LLP