NEW YORK, March 3, 2015 /PRNewswire/ -- Levi &
Korsinsky announces that a class action lawsuit has been commenced
in the USDC for the Southern District of New York on behalf of investors who purchased
Home Loan Servicing Solutions Ltd. ("HLSS" or the "Company")
(Nasdaq: HLSS) securities between February
7, 2013 and January 23,
2015.
To get more information, click here:
http://zlk.9nl.com/home-loan-servicing-solutions-hlss. There
is no cost or obligation to you.
The complaint alleges that the Company made false and/or
misleading statements and/or failed to disclose that, among other
allegations: (a) the Company's business was dependent on Ocwen
Financial Corporation ("Ocwen") and Ocwen conducting its business
legally; (b) the Company's business faced material risks and
uncertainties due to the systemic internal control weaknesses at
Ocwen; (c) Ocwen was under investigation for violating federal and
state regulations and laws; and (d) the Company was in breach of
provisions of its notes held by BlueMountain Capital Management,
LLC.
On January 23, 2015, BlueMountain
Capital Management, LLC sent a notice of default to HLSS and Ocwen
on certain notes HLSS serviced. Due to regulatory sanctions against
Ocwen, which had an impact on HLSS, it constituted a breach and a
default under the terms of the agreement.
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. To obtain
additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone
at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/home-loan-servicing-solutions-hlss.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP