|[August 18, 2014]
Ocwen Financial Corp Shareholder Alert: Former SEC Attorney Willie Briscoe 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 Ocwen Financial Corporation ("Ocwen" or "Company") (NYSE:
OCN) and several officers and directors for cts taken during the period
of May 2, 2013 to August 11, 2014 (the "Class Period").
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and Board of
Directors of Ocwen. If you are an affected Ocwen shareholder and want to
learn more about the lawsuit or join the action, contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or via
email at firstname.lastname@example.org.
There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated certain
provisions of the Securities Exchange Act of 1934. Specifically, the
complaint alleges, among other things, that defendants' misrepresented
and/or failed to disclose the truth regarding the Company's relationship
with Altisource Portfolio Solutions as well as overstated the Company's
financial results. When the truth emerged, Ocwen's stock plummeted.
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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