TRADING ALERT: Rosen Law Firm Reminds Home Loan Servicing Solutions, Ltd. Investors of Important March 30, 2015 Deadline in C...
March 13 2015 - 2:31PM
Business Wire
Rosen Law Firm, a global investor rights firm, reminds
purchasers of Home Loan Servicing Solutions, Ltd. stock
(NASDAQ:HLSS) between February 7, 2013 and January 23, 2015 of the
important March 30, 2015 lead plaintiff deadline in the class
action filed by the firm.
To join the Home Loan Servicing Solution 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 Solution 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 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.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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