NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP is investigating Home Loan Servicing Solutions, Ltd. (“HLSS” or the “Company”) (NasdaqGS:HLSS) in connection with possible violations of federal securities laws by the Board of Directors of the Company.
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On January 23, 2015, BlueMountain Capital Management, LLC announced that it delivered a notice of default against HLSS Servicer Advance Receivables Truston notes issued by the Trust and owned by BlueMountain. BlueMountain cited several actions, among them Ocwen’s regulatory problems, that “materially increase the risk of loss on the Noties that are collaterized by receivables affected by Ocwen’s standing as a servicer.” As a result of this news, HLSS shares dropped more than 10% in intraday trading on the same day.
If you own common stock in HLSS and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/home-loan-servicing-solutions-hlss.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
