LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC announces that it is investigating Walter Investment Management Corp. (“Walter” or the “Company”) (NYSE: WAC) concerning possible violations of federal securities laws.
If you purchased or otherwise acquired Walter shares and would like more information regarding the investigation, we encourage you to click here, or contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, 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 email@example.com.
On March 14, 2017, Walter revealed that “[a]s of December 31, 2016, we identified a material weakness in internal controls over operational processes within the transaction level processing of Ditech Financial default servicing activities.”
Walter also announced that its subsidiary, RMS, received a subpoena from the Office of Inspector General of HUD dated January 12, 2017, “requesting certain documents and information relating to the origination and underwriting of certain specified loans.”
Walter also revealed that the investigation, held in coordination with the U.S. Department of Justice, Civil Division, could lead to a demand or claim under the False Claims Act, which may lead to penalties and treble damages.
When this information was revealed to investors, the value of Walter stock dropped, causing harm to investors.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.