IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “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.
If you purchased shares of Home Capital and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
The investigation focuses on whether Home Capital and certain of its officers and/or directors violated federal securities laws. 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 Chief Executive Officer (“CEO”) Martin Reid. On April 19, 2017, post-market, the OSC alleged that Chief Financial Officer (“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.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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