DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Nationstar Mortgage Holdings Inc. (“Nationstar” or “Company”) (NYSE: NSM) and several officers and directors for acts taken during the period of February 27, 2014 to May 4, 2015 (the “Class Period”).
Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Nationstar. If you are an affected Nationstar shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org, Patrick Powers at Powers Taylor LLP via email at email@example.com, or call toll free at (877) 728-9607. There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that Nationstar made certain positive statements about improving its profitability. According to the complaint, the Company misrepresented and/or failed to disclose deficiencies in management control and supervision necessary to ensure its compliance with applicable laws and regulations in connection with the servicing of MSRs. Also, the complaint alleges that Nationstar had been gouging mortgagors and illegally enhancing its profits through illicit practices, including charging for repeated, unnecessary inspections.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.