The Klein Law Firm Notifies Investors of the Commencement of a Class Action on Behalf of Ocwen Financial
Corporation Shareholders and a Lead Plaintiff Deadline of June 20, 2017
The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Ocwen Financial
Corporation (NYSE:OCN) who purchased shares between May 11, 2015 and April 19,
2017. The action, which was filed in the United States District Court for the Southern District of Florida, alleges that the
Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (1) Ocwen engaged in significant and systemic misconduct at nearly every stage of the
mortgage servicing process; (2) the above-mentioned conduct, when it became known, would subject the Company to heightened
regulatory scrutiny and potential criminal sanctions; (3) consequently, Ocwen's public statements were materially false and
misleading at all relevant times.
On April 20, 2017, the U.S. Consumer Financial Protection Bureau announced that it was suing Ocwen, and several states issued
cease-and-desist orders against the Company.
Shareholders have until June 20, 2017 to petition the court for lead plaintiff status. Your ability to share in any
recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by
telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sa/ocwen-financial-corporation?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
The Klein Law Firm
Joseph Klein, Esq., 212-616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
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