|[August 23, 2013]
Walter Investment Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor, LLP announce that a federal class action lawsuit has been
filed against Walter Investment Management Corp. ("Walter" or "Company")
(NYSE: WAC (News - Alert)). The firms are investigating additional legal claims against
the officers and Board of Directors of Walter during the period of May
9, 2012 and June 6, 2013 (the "Class Period").
If you are an affected investor and you want to learn more about the
lawsuit or join the acton, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
In a recently filed federal class action complaint, Walter and certain
of its officers and directors were charged with violating certain
provisions of the Securities Exchange Act of 1934. Specifically, the
complaint alleges that among other things, defendants misrepresented
and/or failed to disclose that: (a) Walter lacked adequate internal
controls over financial accounting; (b) Walter's internal controls were
not effective; (c) Walter's financial statements contained false and
misleading statements; (d) Walter had failed to disclose material
weaknesses in the internal controls of RMS; and (e) Walter had
overstated the value of its recent acquisition, RMS. According to the
complaint, when the news was released, the Company's stock declined.
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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