NEW YORK, Aug. 14, 2014 (GLOBE NEWSWIRE) -- The Rosen 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.
To join the Ocwen class action, go to the website at http://rosenlegal.com/cases-326.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
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, Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.