LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC announces that it is investigating Nationstar Mortgage Holdings, Inc. (“Nationstar” or the “Company”) (NYSE: NSM), for alleged violations of the federal securities laws on behalf of investors who purchased shares between February 27, 2014 and May 4, 2015, inclusive (the “Class Period”).
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 by email at firstname.lastname@example.org or through the firm’s website at Goldberglawpc.com.
Nationstar is a real estate services company that provides mortgage servicing and origination to single-family residences throughout the country. Nationstar is alleged to have made misleading statements about their improving profitability, but failed to disclose that such profits were generated by submitting mortgagors to repeat and unnecessary inspections, resulting in late fees and other financial penalties. This practice caused mortgagors to incur penalties, leading many to refinance their mortgages. Nationstar’s profitability was also adversely affected when it became the target of a New York State Department of Financial Services investigation into its mortgage servicing practices.
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, via email at email@example.com, or visit our website at Goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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