HLSS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess o...
February 14 2015 - 10:00PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
March 30, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS)
if they purchased the Company's securities between February 7, 2013
and January 23, 2015, inclusive (the "Class Period"). This action
is pending in the United States District Court for the Southern
District of New York.
What You May Do
If you purchased shares of HLSS and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by March 30, 2015.
About the Lawsuit
HLSS and certain of its executives are charged with
misrepresenting and/or concealing HLSS's relationship and
conflicted transactions with a group of related companies during
the Class Period, violating federal securities laws.
On December 22, 2014, HLSS announced that pursuant to a
settlement that Ocwen Financial Corporation had reached with the
New York Department of Financial Services, which had uncovered
"serious conflicts of interest between the Related Companies,"
Defendant William Erbey would be stepping down as chairman of
HLSS's board and from his positions at the related companies, which
he had founded.
On January 13, 2015, the California Department of Business
Oversight announced that it was seeking to revoke Ocwen's
license.
On January 23, 2015, BlueMountain Capital Management, LLC sent a
notice of default to HLSS and Ocwen on certain notes HLSS
serviced.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers
with significant experience litigating complex securities class
actions nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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