NEW YORK, Feb. 2, 2015 /PRNewswire/ -- Attorney Advertising
-- Bronstein, Gewirtz & Grossman, LLC reminds investors that a
securities class action has been filed in the United States
District Court for the Southern District of New York on behalf of purchasers of Home Loan
Servicing Solutions, LTD ("HLSS") or the "Company")
(NasdaqGS:HLSS), during the period between February 7, 2013 and January 23, 2015 (the "Class Period").
The Complaint alleges that the Company made false and/or
misleading statements and/or failed to disclose that: (i) the
Company's business was dependent on Ocwen Financial Corporation
("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.
Plaintiff seeks to recover damages on behalf of all shareholders
who purchased shares of HLSS during the Class Period described
above.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. If you suffered a loss in HLSS
you have until March 30, 2015 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC