SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ocwen Financial Corporation (OCN)

NEW YORK, April 20, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ocwen Financial Corporation ("Ocwen" or the "Company") (OCN). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ocn.  

The investigation concerns whether Ocwen and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On April 20, 2017, the Consumer Financial Protection Bureau revealed that it was suing Ocwen, and reported that Ocwen had generated errors in borrowers' accounts, failed to credit payments, illegally foreclosed on homeowners, and charged borrowers for add-on products without their consent.  Furthermore, authorities in Florida, North Carolina, and at least 18 other states have issued cease-and-desist orders against the Company to address mishandling of consumer escrow accounts and a deficient financial condition, specifically prohibiting Ocwen from acquiring new mortgage servicing rights and originating mortgage loans.  Following this news, Ocwen stock  dropped as much as $3.18 per share, or over 58%, during intraday trading on April 20, 2017.

If you are aware of any facts relating to this investigation, or purchased shares of Ocwen, you can assist this investigation by visiting the firm's site: www.bgandg.com/ocn. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

 

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