U.S. Markets open in 17 mins.

Glancy Prongay & Murray LLP Commences Investigation on Behalf of Ocwen Financial Corporation Investors


Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Ocwen Financial Corporation (“Ocwen” or the “Company”) (NYSE: OCN) investors concerning the Company and its officers’ possible violations of federal securities laws.

On April 20, 2017, the Consumer Financial Protection Bureau announced that it is filing a lawsuit against Ocwen seeking compensation for consumers due to “years of systemic and significant errors throughout the mortgage servicing process, which cost some of them their homes.”

On this news, shares of Ocwen fell more than 50% to close on April 20, 2017 at only $2.49 per share, thereby injuring investors.

If you purchased Ocwen securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170420006727/en/