Investigation of Walter Investment Management Corp. Announced by Law Offices of Howard G. Smith

Business Wire

BENSALEM, Pa.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Walter Investment Management Corp. (“Walter Investment Management” or the “Company”) (WAC) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by the Company between May 9, 2012 and February 26, 2014.

Walter Investment Management, together with its subsidiaries, provides business services to the residential mortgage industry in the United States. The investigation is related to allegations that during the foregoing period the Company misrepresented or failed to disclose material facts concerning Walter Investment Management’s operations and financial prospects, including the adequacy of the Company’s internal controls over financial accounting, the value of its November 2012 acquisition of Reverse Mortgage Solutions, Inc., and whether Walter Investment Management’s business practices violated consumer financial protection laws and jeopardized the Company’s revenues and profits.

If you purchased Walter Investment Management securities, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

Contact:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Rates

View Comments (0)