NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Home Loan Servicing Solutions Ltd. (“HLSS” or the “Company”) (Nasdaq: HLSS) securities between February 7, 2013 and January 23, 2015.
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The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose that, among other allegations: (a) the Company’s business was dependent on Ocwen Financial Corporation (“Ocwen”) and Ocwen conducting its business legally; (b) the Company’s business faced material risks and uncertainties due to the systemic internal control weaknesses at Ocwen; (c) Ocwen was under investigation for violating federal and state regulations and laws; and (d) the Company was in breach of provisions of its notes held by BlueMountain Capital Management, LLC.
On January 23, 2015, BlueMountain Capital Management, LLC sent a notice of default to HLSS and Ocwen on certain notes HLSS serviced. Due to regulatory sanctions against Ocwen, which had an impact on HLSS, it constituted a breach and a default under the terms of the agreement.
If you suffered a loss in HLSS you have until March 30, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org 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.