Case Page

 

Case Status:    ONGOING    
On or around 10/19/2017 (Ongoing date of last review)

Filing Date: April 21, 2017

According to the law firm press release, the lawsuit alleges defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Ocwen engaged in significant and systemic misconduct in violation of federal consumer financial laws; and (2) as a result, defendants’ statements about Ocwen’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times. On April 20, 2017, the Consumer Financial Protection Bureau sued Ocwen for various violations of federal consumer financial laws that have harmed borrowers. On this news, shares of Ocwen fell $2.91 per share or over 53% to close at $2.49 per share on April 20, 2017, damaging investors.

COMPANY INFORMATION:

Sector: Financial
Industry: Consumer Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: OCN
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Florida
DOCKET #: 17-CV-80500
JUDGE: Hon. Robin L. Rosenberg
DATE FILED: 04/21/2017
CLASS PERIOD START: 05/11/2015
CLASS PERIOD END: 04/19/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  2. Shepherd, Finkelman, Miller & Shah, LLC (Ft. Lauderdale)
    1625 North Commerce Parkway , Shepherd, Finkelman, Miller & Shah, LLC (Ft. Lauderdale), FL 33326
    866-300-7367 954-515 0124 ·
No Document Title Filing Date
COURT: S.D. Florida
DOCKET #: 17-CV-80500
JUDGE: Hon. Robin L. Rosenberg
DATE FILED: 08/28/2017
CLASS PERIOD START: 01/13/2015
CLASS PERIOD END: 04/20/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abraham, Fruchter & Twersky LLP
    One Penn Plaza, Suite 2805, Abraham, Fruchter & Twersky LLP, NY 10119
    (212) 279-5050 (212) 279-3655 ·
  2. Vianale & Vianale LLP (Boca Raton)
    2499 Glades Road, Suite 112, Vianale & Vianale LLP (Boca Raton), FL 33431
    561.392.4750 561.392.4750 · info@vianalelaw.com
No Document Title Filing Date
No Document Title Filing Date