DALLAS, April 9, 2012 /PRNewswire/ -- Goldfarb LLP is investigating whether the board of directors of Flagstar Bancorp, Inc. (NYSE: FBC) violated shareholder protection laws by improperly approving thousand of residential home mortgage loans for government issuance, prompting a complaint by the United States Department of Justice. Concerned Flagstar Bancorp investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] about their rights and remedies.
"Flagstar entered into a settlement agreement with the DOJ, agreeing to pay the government more than $350 million dollars," securities lawyer Hamilton Lindley said. "Our proposed shareholder lawsuit will seek to ensure that strong controls are placed to correct improper behavior and to improve the company's value for investors."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Flagstar Bancorp, Inc. shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855.
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SOURCE Goldfarb LLP