EQUITY ALERT: The Rosen Law Firm Files Securities Class Action Against Home Loan Servicing Solutions, Ltd. Seeking to Recover...
January 29 2015 - 6:08PM
The Rosen Law Firm, P.A., a global investor rights firm, announced
that it has filed a class action lawsuit on behalf of investors who
purchased Home Loan Servicing Solutions, Ltd. common stock
(Nasdaq:HLSS) between February 7, 2013 and January 23, 2015. The
lawsuit seeks to recover investors' losses by asserting claims
under the federal securities laws.
To join the Home Loan Servicing Solutions class action, visit
the firm's website at http://www.rosenlegal.com/cases-486.html, or
call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at
866-767-3653; you may also email pkim@rosenlegal.com or
kchan@rosenlegal.com for information on the class action. The case
is pending the U.S. District Court for the Southern District of New
York.
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 CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN
AN ABSENT CLASS MEMBER.
Home Loan Servicing Solutions acquires mortgage servicing assets
and engages Ocwen Financial Corporation (NYSE:OCN) to service the
mortgage loans underlying such assets. According to the lawsuit,
the Company made false and/or misleading statements and/or failed
to disclose that: (i) the Company's business was dependent on Ocwen
and Ocwen conducting its business legally; (ii) the Company's
business faced material risks and uncertainties due to the systemic
internal control weaknesses at Ocwen; (iii) Ocwen was under
investigation for violating applicable federal and state
regulations and laws, including among other things, the New York
Department of Financial Services' and the state of California's
investigation of Ocwen; (iv) the Company was in breach of
provisions of its notes held by BlueMountain Capital Management,
LLC; and (v) the Company faced material risks if it defaults on its
notes. The suit claims that when the truth was revealed, it caused
the price of the Company's stock to drop, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than March 30, 2015. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation go to
http://www.rosenlegal.com/cases-486.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via
e-mail at pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: 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
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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