Law Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of purchasers of the securities of Walter
Investment Management Corp. (“Walter” or the “Company”) (NYSE:WAC)
concerning possible violations of federal securities laws. The
investigation focuses on the Company’s operations and financial
condition between May 9, 2012 and June 6, 2013.
Walter, together with its subsidiaries, provides business services,
including non-prime and non-conforming mortgage asset solutions, to the
residential mortgage industry in the United States. The investigation
concerns allegations that the Company misled investors regarding the
integrity of its financial reporting, including the reporting of
expenses associated with certain financing transactions, and the
liabilities of its recent acquisition of Reverse Mortgage Solutions,
Inc. (“RMS”), a mortgage company with a business model similar to Walter
Investment. The investigation further seeks to determine whether the
Company lacked adequate internal controls over financial accounting or
failed to disclose material weaknesses in the internal controls of RMS,
and whether the Company had overstated the value of the RMS acquisition.
If you purchased Walter shares, if you have information or would like to
learn more about these claims, or if you purchased Walter shares prior
to May 9, 2012 and have any questions concerning this announcement or
your rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
(215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
Copyright Business Wire 2013