NEW ORLEANS, June 09, 2017 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 20, 2017 to file
lead plaintiff applications in a securities class action lawsuit against Ocwen Financial Corporation (NYSE:OCN), if they purchased
the Company’s securities between May 11, 2015 and April 19, 2017, inclusive (the “Class Period”). This action is pending in the
United States District Court for the Southern District of Florida.
What You May Do
If you purchased securities of Ocwen and would like to discuss your legal rights and how this case might affect
you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850
or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you
must petition the Court by June 20, 2017.
About the Lawsuit
Ocwen and certain of its executives are charged with failing to disclose material information during the Class
Period, violating federal securities laws.
On April 20, 2017, the Associated Press reported that the U.S. Consumer Financial Protection Bureau and the
Florida Attorney General had filed suit against Ocwen based on a myriad of failures by the Company to meet obligations to its
customers over many years, resulting in increased borrowing expenses and even illegal foreclosures. Further, financial
regulators in over 20 other states have issued cease-and-desist and license revocation orders against Ocwen alleging faulty escrow
management and other licensing issues.
On this news, the price of Ocwen’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on
securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against
publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com 1-877-515-1850 206 Covington St. Madisonville, LA 70447
