NEW YORK, July 15, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Walter Investment Management Corp. ("Walter Investment" or the "Company") (NYSE: WAC).
The investigation focuses on whether Walter Investment and certain of its executives and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 18, 2013, the Company announced that it had material weaknesses in its internal controls concerning its financial reporting. Then on June 7, 2013, the Company revealed that it would be restating certain historical financial information concerning Reverse Mortgage Solutions Inc., a mortgage lender it had acquired in 2012.
Following this news, Walter Investment shares fell to close at $36.60 per share on June 7, 2013, well below its February 19, 2013 close of $49.61.
Request more information now by clicking here: www.faruqilaw.com/WAC. There is no cost or obligation to you.
If you invested in Walter Investment stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/WAC. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Walter Investment's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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