NEW ORLEANS, Jan. 30, 2015 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 30, 2015 to file lead plaintiff applications in a securities class action lawsuit against Home Loan Servicing Solutions, Ltd. (Nasdaq:HLSS) if they purchased the Company's securities between February 7, 2013 and January 23, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of HLSS and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 30, 2015.
About the Lawsuit
HLSS and certain of its executives are charged with misrepresenting and/or concealing HLSS's relationship and conflicted transactions with a group of related companies during the Class Period, violating federal securities laws.
On December 22, 2014, HLSS announced that pursuant to a settlement that Ocwen Financial Corporation had reached with the New York Department of Financial Services, which had uncovered "serious conflicts of interest between the Related Companies," Defendant William Erbey would be stepping down as chairman of HLSS's board and from his positions at the related companies, which he had founded.
On January 13, 2015, the California Department of Business Oversight announced that it was seeking to revoke Ocwen's license.
On January 23, 2015, BlueMountain Capital Management, LLC sent a notice of default to HLSS and Ocwen on certain notes HLSS serviced.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.