Ocwen Financial Corporation receives securities class action lawsuit

A litigation firm recently noted that it filed a securities class action lawsuit against a financial company due to allegations of federal securities law violations.

Law office Saxena White P.A., noted that it filed the lawsuit in the U.S. District Court for the Southern District of Florida against Ocwen Financial Corporation. This includes all shareholders who purchased interests in the company during the class period between May 2, 2013 and Aug. 11, 2014.

The allegations in the case surround the financial holdings company's leaders potentially violating the Securities Exchange Act of 1934. This is due to them making a number of statements that may have been false or misleading about the company's financial performance, business progress and future prospects.

It is an option for shareholders to apply for the lead plaintiff position in the case. All paperwork must be filed with the court by Oct. 14, 2014. All applicants will need to be approved by the court in order to assume the position. This is not a mandatory action for shareholders, as they have the ability to remain absent class members, take no action and still collect in the event of a financial return.

For those who would like to learn more about the case and how it may affect them, speaking with the law office is an option. The best person to discuss these matters with is Lester Hooker, who can be reached by email or telephone. Further information is available on the law office's website.

Separate investigation begins
Another law office noted that it started investigating shareholders' claims of federal securities law violations for many of the same reasons. It is also possible that the law office may file a class action lawsuit, depending on its findings.

Law firm Bronstein, Gewirtz and Grossman, LLC, recently noted that it started looking into claims against Ocwen Financial Corporation.

It is possible for shareholders who have information that may help the investigation to get in touch with the law office. Additionally, anyone who wants to learn more about the process is also welcome to make contact. Both Peretz Bronstein and Eitan Kimelman are available to discuss these matters, and they can be contacted by telephone or email. Any shareholder who reaches out through email should leave their telephone number and mailing address.