NEW YORK, Aug. 12, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities fraud claims against Ocwen Financial Corp. (NYSE: OCN) ("Ocwen" or the "Company") arising out of Ocwen's recent admission that its financial statements were not accurate.
On August 12, 2014, Ocwen announced that its financial statements for 2013 and the first quarter of this year can no longer be relied upon as the company's auditor reviews accounting controls. In a Form 8-K, Ocwen stated that "[t]he company anticipates it will determine that a material weakness existed in the relevant time periods in the adequacy of our controls relating to how we monitor and implement the impact of applicable accounting conventions."
If you purchased shares of Ocwen since 2013 and suffered losses in excess of $100,000 on your investment, and wish to discuss this matter at no cost or expense, please contact Tripp Levy PLLC via e-mail at [email protected] or call us toll free at 1-800-511-7037 or visit our website at www.tripplevy.com.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome
SOURCE Tripp Levy PLLC