LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Florida against Nationstar Mortgage Holdings Inc. (“Nationstar” or the “Company”) (NYSE: NSM) for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares between February 27, 2014 and May 4, 2015, inclusive (the “Class Period”), have until August 3, 2015, to serve as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr., Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Nationstar is a real estate services company that provides mortgage servicing and origination to single-family residences throughout the country. The complaint alleges Nationstar issued false and/or misleading statements. In particular, it is alleged that Nationstar: (i) failed to comply with laws and regulations for mortgage servicing rights (“MSRs”); (ii) illegally enhanced its profits through unsustainable means, such as charging for repeated and unnecessary inspections; and (iii) was experiencing significantly increased costs of servicing MSRs with diminished profitability, in part because of a probe into the company's loan servicing practices by the New York State Department of Financial Services.
On May 5, 2015, Nationstar’s common stock plummeted following the release of the Company’s first quarter results. The Company reported a net loss of $48.3 million, and shares closed at $19.51.
If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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