LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Home Capital Group Inc. (“Home Capital” or the “Company”) (Other OTC: HMCBF) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at email@example.com.
On February 10, 2017, the Company disclosed that the Ontario Securities Commission (“OSC”) reached the preliminary conclusion that Home Capital failed to meet its continuous disclosure obligations in 2014 and 2015, and that the OSC served the Company with an enforcement notice related to its 2015 disclosure that information on certain loan applications had been falsified. On March 27, 2017, post-market, Home Capital announced the departure of its CEO Martin Reid. On April 19, 2017, post-market, the OSC alleged that CFO Robert Morton and two former CEOs of Home Capital, Gerald Soloway and Martin Reid, unlawfully misled shareholders of the Company during their respective tenures. On April 24, 2017, Home Capital announced that Gerald Soloway, the Company’s founder, was resigning from Home Capital’s board, and that CFO Robert Morton would be reassigned to a new role within the Company. On April 26, 2017, Home Capital disclosed that the Company was seeking a $2 billion line of credit to backstop a significant decline in deposits at its Home Trust subsidiary.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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