|[April 25, 2014]
UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Reminds Investors of Class Action Against WALTER INVESTMENT MANAGEMENT CORPORATION and Its Board of Directors and a Lead Plaintiff Deadline of May 6, 2014 -- WAC
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Middle District of
Florida on behalf of investors who purchased Walter Investment
Management Corporation ("Walter Investment" or the "Company") (NYSE:WAC (News - Alert))
securities between May 9, 2012 and February 26, 2014.
For more information, click here: http://zlk.9nl.com/walter-investment-management.
The complaint alleges that the Company made false and/or misleading
statements and/or failed to disclose that, among other allegations: (a)
the Company lacked adequate internal controls over its financial
accounting and compliance with applicable laws; (b) the Company's
internal cntrols were ineffective; (c) the Company's financial
statements contained false and misleading statements; (d) the Company
failed to disclose material weaknesses in the internal controls of its
recently-acquired subsidiary, RMS; (e) the Company had overstated the
value of said acquisition; and (f) the Company's business practices
violated consumer financial protection laws, thereby jeopardizing future
revenues and profits.
On March 18, 2013, Walter Investment disclosed that it had identified a
material weakness in internal control over financial reporting. Then on
February 27, 2014, the Company announced that the Federal Trade
Commission had issued a Civil Investigation Demand to the Company's
subsidiary, Green Tree Servicing LLC, requesting information relating to
the company's operations.
If you suffered a loss in Walter Investment you have until May 6, 2014
to request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/walter-investment-management.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities and
shareholder lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
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