NEW YORK, March 17, 2017 /PRNewswire/ -- Levi & Korsinsky announces it has commenced an investigation of Walter Investment Management Corp. (NYSE: WAC) concerning possible violations of federal securities laws.
On March 14, 2017, Walter Investment disclosed a subpoena from HUD Inspector General requesting documents and information relating to origination and underwriting of certain specified loans. The Company further disclosed that the Justice Department's Civil Division is coordinating the investigation, and there is a possibility of a demand or a claim under the False Claims Act. Walter Investment also disclosed a material weakness for its Ditech unit, which it is taking steps to remediate. Following this news, Walter Investment stock was down more than 38% on intraday trading on March 14, 2017. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP