Glancy
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of Florida on behalf of a class (the “Class”) comprising all purchasers
of the securities of Walter
Investment Management Corp. (“Walter Investment Management” or the
“Company”) (NYSE:WAC) between May 9, 2012 and February 26, 2014,
inclusive (the “Class Period”).
Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224
or at (212) 682-5340, or by email to shareholders@glancylaw.com
to discuss this matter.
Walter Investment Management, together with its subsidiaries, provides
business services to the residential mortgage industry in the United
States. The Complaint alleges that during the Class Period the Company
misrepresented or failed to disclose material facts concerning Walter
Investment Management’s operations and financial prospects.
Specifically, defendants misrepresented or failed to disclose that:
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The Company lacked adequate or effective internal controls over
financial accounting and compliance with applicable laws.
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The Company had overstated the value of its acquisition of Reverse
Mortgage Solutions, Inc., and failed to disclose material weaknesses
in the internal controls of Reverse Mortgage Solutions.
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The Company’s business practices violated consumer financial
protection laws and jeopardized the Company’s revenues and profits.
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The Company’s financial statements contained false and misleading
statements.
If you are a member of the Class described above, you may move the Court
no later than May 6, 2014, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish to
learn more about this action, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2014