SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Flagstar Bancorp, Inc. & Its Board of Dire...
October 21 2014 - 12:52PM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the Eastern
District of Michigan on behalf of investors who purchased Flagstar
Bancorp, Inc. (“Flagstar” or the “Company”) (NYSE:FBC) common stock
between January 22, 2014 and August 26, 2014.
For more information, click here:
http://zlk.9nl.com/flagstar-bancorp-fbc.
The complaint alleges that throughout the class period, the
Company failed to disclose that since 2011 the Company’s loss
mitigation practices and default servicing operations were not in
compliance with various federal consumer financial laws promulgated
by the Consumer Financial Protection Bureau. On August 26, 2014,
the Company announced it has begun settlement discussions with the
Consumer Financial Protection Bureau regarding allegations of
violations dating back to 2011.
If you suffered a loss in Flagstar you have until November 4,
2014 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/flagstar-bancorp-fbc.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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