EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Home Loan Servicing Solutions, Ltd. - H...
January 26 2015 - 5:20PM
Business Wire
The Rosen Law Firm announces that it is investigating potential
securities claims against Home Loan Servicing Solutions, Ltd.
(NASDAQ:HLSS) resulting from allegations that HLSS may have issued
materially misleading business information to the investing
public.
On January 23, 2015, BlueMountain Capital Management, LLC
announced it delivered a notice of default against HLSS Servicer
Advance Receivables Trust on notes issued by the Trust and owned by
BlueMountain. In its notice of default, BlueMountain cited to
Ocwen’s regulatory problems, among other recent actions, which
“materially increase the risk of loss on the Notes that are
collateralized by receivables affected by Ocwen’s standing as a
servicer.” On this news, shares of HLSS fell $1.59 per share or
over 11% to close at $13.76 per share on January 23, 2015, damaging
investors.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by HLSS shareholders as a result of this
adverse information. If you purchased HLSS stock on or before
January 23, 2015, please visit the website at
http://rosenlegal.com/cases-486.html for more information. You may
also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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