NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Ocwen Financial Corporation (NYSE:OCN) resulting from allegations that Ocwen may have issued materially misleading business information to the investing public.
On April 20, 2017, the Consumer Financial Protection Bureau announced that it was suing Ocwen for generating errors in borrowers’ accounts, failing to credit payments, illegally foreclosing on homeowners, and charging borrowers for add-on products without their consent. In addition, authorities in Florida, North Carolina, and at least 18 other states have issued cease-and-desist orders against Ocwen to address mishandling of consumer escrow accounts and a deficient financial condition, specifically prohibiting Ocwen from acquiring new mortgage servicing rights and originating mortgage loans. On this news, shares of Ocwen fell sharply during intraday trading on April 20, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Ocwen investors. If you purchased shares of Ocwen on or before April 20, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1105.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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