LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Home Capital Group Inc. (“Home Capital” or the “Company”) (Other OTC: HMCBF).
If you purchased or otherwise acquired Home Capital shares, and would like more information regarding the investigation, 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 without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email 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 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. When this news was announced, Home Capital’s stock price dropped sharply.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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