NEW YORK, June 02, 2017 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of Ocwen Financial Corporation securities (NYSE:OCN) from May 11, 2015 through April 19, 2017, both dates inclusive (the “Class Period”) of the important June 20, 2017 lead plaintiff deadline in the class action. 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 basis 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].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
CONTACT: Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] [email protected] [email protected] www.rosenlegal.com