WILMINGTON, Del., Jan. 26, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A. announces that it is investigating whether Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE: OCN) has engaged in possible misconduct.
In recent months, Ocwen has announced agreements to settle investigations that were being conducted by the New York Department of Financial Services ("DFS") and the California Department of Business Oversight ("CA DBO"). On January 26, 2015, the Company announced that Ocwen Loan Servicing, LLC, a wholly-owned subsidiary of Ocwen, reached an agreement with the CA DBO, effective January 23, 2015, which would result in the CA DBO withdrawing its notice of hearing to suspend OLS's license in California. On this news, shares in Ocwen dropped almost 17%, closing at $6.35 per share on January 23, 2015.
If you own common stock of Ocwen and would like to learn more about the investigation, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected]; or at: http://www.rigrodskylong.com/investigations/ocwen-financial-corporation-ocn.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation, and corporate governance litigation on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.