SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Home Loan Servi...
February 03 2015 - 1:49PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced 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") (Nasdaq:HLSS) common
stock during the period between February 7, 2013 and January 23,
2015, inclusive (the "Class Period"). Investors who wish to become
proactively involved in the litigation have until March 30, 2015 to
seek appointment as lead plaintiff.
If you have suffered a loss from investment in HLSS common stock
purchased on or after February 7, 2013 and held through the
revelation of negative information during and/or at the end of the
Class Period, as described below, and would like to learn more
about this lawsuit and your ability to participate as a lead
plaintiff, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above action.
Members of the Class will be represented by the lead plaintiff and
counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in Company
common stock during the Class Period. Brower Piven also encourages
anyone with information regarding the Company's conduct during the
period in question to contact the firm, including whistleblowers,
former employees, shareholders and others.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants'
failure to disclose during the Class Period 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 by the New York Department of Financial Services and the
California Department of Business Oversight; (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.
According to the complaint, when the truth was revealed, the
value of HLSS shares declined significantly.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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