NEW YORK, Jan. 26, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Home Loan Servicing Solutions, Ltd. ("HLSS" or the "Company") (NASDAQ: HLSS).
The investigation focuses on whether the Company and its executives violated federal securities laws by making false and misleading statements and/or failing to disclose material facts regarding its business and operations.
On January 23, 2015, BlueMountain Capital Management announced that it had delivered a notice of default against HLSS Servicer Advance Receivables Trust on the notes BlueMountain Capital owns that were issued in connection with the Trust.
Following this news, the price of HLSS stock declined by $1.59 per share, or over 10%, to close on January 23, 2015 at $13.76 per share.
Request more information now by clicking here: www.faruqilaw.com/HLSS. There is no cost or obligation to you.
If you invested in HLSS stock or options prior to January 23, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/HLSS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding the Company's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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