BOSTON, May 5, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm representing investors nationwide announces that it has commenced an investigation of Home Capital Group Inc. ("Home Capital" or the "Company") (HMCBF) concerning possible violations of the federal securities laws.
If you purchased or otherwise acquired Home Capital (HMCBF) securities in the United States and have questions about your legal rights, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at firstname.lastname@example.org, or by visiting www.blockesq.com/homecapital.
On February 10, 2017, after the markets had closed, Home Capital disclosed that the Ontario Securities Commission ("OSC") had preliminarily concluded that Home Capital failed to meet its continuous disclosure obligations for 2014 and 2015. Home Capital also disclosed that the OSC served the Company with an enforcement notice regarding information on certain loan applications in its 2015 disclosure that had been falsified.
Then, on April 19, 2017, the OSC formally alleged that Home Capital's Chief Financial Officer, Robert Morton, and two former Chief Executives of the Company, Gerald Soloway and Martin Reid, misled shareholders by waiting until after the May 2015 filing of its 2014 annual report and its first-quarter 2015 report to disclose the fraudulent activities performed by 45 of its brokers.
Since February 10, 2017, shares of Home Capital have fallen more than 80%, causing hundreds of millions in losses to investors.
U.S. purchasers of Home Capital securities interested in learning more about their legal rights are encouraged to contact attorney Bradley Vettraino Bradley Vettraino at (617) 398-5600, by email at email@example.com, or by visiting www.blockesq.com/homecapital.
Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
This notice may constitute attorney advertising.
Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/block--leviton-llp-announces-investigation-of-home-capital-group-inc-hmcbf-and-encourages-shareholders-to-contact-the-firm-300452377.html
SOURCE Block & Leviton LLP