NEW YORK, Aug. 15, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that a class action has been filed against Ocwen Financial Corporation (NYSE:OCN) on behalf of purchasers of the Company's common stock between May 2, 2013 and August 11, 2014, inclusive. The lawsuit seeks to recover damages for Ocwen shareholders under the federal securities laws.
The lawsuit alleges that Ocwen misstated and/or failed to disclose: (a) Ocwen's mortgage servicing practices were unlawful; (b) Ocwen's Chairman engaged in self-dealing that unjustly enriched himself; and (c) as a result Ocwen's public statements to investors were materially false and misleading. When this adverse information entered the market, the price of Ocwen's stock dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 14, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC