LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Walter Investment Management Corp. (“Walter” or the “Company”) (NYSE: WAC). Investors who purchased or otherwise acquired shares between February 29, 2016 and March 13, 2017 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the May 15, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to 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 free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Walter made false and/or misleading statements and/or failed to disclose that: the Company’s subsidiary Ditech had a material weakness in its internal control over operational processes; that the Company lacked effective internal controls over financial reporting; and that as a result of the above, Walter’s public statements were materially false and misleading at all relevant times. On March 14, 2017, Walter filed its Annual Report on Form 10-K with the Securities and Exchange Commission, reporting the Company's financial and operating results for the quarter and year ended December 31, 2016. Walter disclosed 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.” When this news was announced, shares of Walter dropped in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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