Pawar Law Group Announces Filing of Securities Class Action Lawsuit Against Ocwen Financial Corporation - OCN

Accesswire 21-Apr-2017 6:45 PM

NEW YORK, NY / ACCESSWIRE / April 21, 2017 / The Pawar Law Group announces a class action lawsuit on behalf of Ocwen Financial Corporation (NYSE: OCN) investors who purchased Ocwen stock between May 11, 2015 and April 19, 2017, inclusive (the "Class Period"). The suit is for recovery of investor losses.

To participate in this class action lawsuit, visit the firm's website at http://pawarlawgroup.com/cases/ocwen-financial-corporation/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com or call toll free at (866) 999-0873.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Ocwen engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process; (2) the foregoing conduct, when it became known would subject the Company to heightened regulatory scrutiny and potential criminal sanctions; and (3) as a result of the foregoing, Ocwen's public statements were materially false and misleading at all relevant times.

If you wish to serve as lead plaintiff, you must move the Court no later than June 20, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/ocwen-financial-corporation/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com

Contact:

Vik Pawar, Esq. Pawar Law Group20 Vesey Street, Suite 1210 New York, NY 10007 Tel: (212) 571-0805 Fax: (212) 571-0938 vik@pawarlawgroup.com

SOURCE: Pawar Law Group