NEW YORK, Aug. 6, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Ocwen Financial Corp. ("Ocwen" or the "Company") (NYSE: OCN). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation focuses on whether the Company and certain of its executives violated federal securities laws.
On August 4, 2014, the New York's Department of Financial Services ("DFS") disclosed that it was investigating whether the Company entered into improper transactions with affiliated entities. According to the DFS, Ocwen entered into an arrangement with Altisource Portfolio Solutions S.A., whose executives have substantial ties to the Company, which raises concerns about whether such transactions were priced fairly and conducted at arm's-length.
On this news, shares of Ocwen fell $0.69 or more than 2.5% to close at $26.98 on August 4, 2014.
If you are aware of any facts relating to this investigation, or purchased shares of Ocwen Financial Corp., you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC