NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of Ocwen Financial Corporation securities (NYSE:OCN) from May 11, 2015 through April 19, 2017, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Ocwen investors under the federal securities laws.
To join the Ocwen class action, go to http://www.rosenlegal.com/cases-1105.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Ocwen engaged in significant and systemic misconduct in violation of federal consumer financial laws; and (2) as a result, defendants’ statements about Ocwen’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times. On April 20, 2017, the Consumer Financial Protection Bureau sued Ocwen for various violations of federal consumer financial laws that have harmed borrowers. On this news, shares of Ocwen fell $2.91 per share or over 53% to close at $2.49 per share on April 20, 2017, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 20, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1105.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170427006129/en/
