NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of PHH Corporation (“PHH” or the “Company”) (NYSE: PHH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ocwen Financial Corporation (NYSE: OCN). Under the terms of the deal, PHH stockholders will receive $11 in cash for each share of PHH they own.
The investigation concerns whether the PHH’s Board of Directors breached their fiduciary duties to PHH stockholders by failing to adequately shop the Company before entering into this transaction and whether Ocwen Financial Corporation is underpaying for Infinity shares, thus unlawfully harming PHH stockholders.
If you own common stock in PHH and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/PHH-Info-Request-Form-1844.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.