NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating potential securities claims against Home Loan Servicing Solutions, Ltd. (NASDAQ:HLSS) resulting from allegations that HLSS may have issued materially misleading business information to the investing public.
On January 23, 2015, BlueMountain Capital Management, LLC announced it delivered a notice of default against HLSS Servicer Advance Receivables Trust on notes issued by the Trust and owned by BlueMountain. In its notice of default, BlueMountain cited to Ocwen’s regulatory problems, among other recent actions, which “materially increase the risk of loss on the Notes that are collateralized by receivables affected by Ocwen’s standing as a servicer.” On this news, shares of HLSS fell $1.59 per share or over 11% to close at $13.76 per share on January 23, 2015, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by HLSS shareholders as a result of this adverse information. If you purchased HLSS stock on or before January 23, 2015, please visit the website at http://rosenlegal.com/cases-486.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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