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United Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 v. Ocwen Financial Corporation et al
Case Number:
9:14-cv-81057
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Greenberg Traurig
- Komlossy Law
- Kramer Levin
- Law Offices of Douglas L. Capdeville
- Robbins Geller
- Saxena White
Companies
Sectors & Industries:
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July 21, 2017
CORRECTED: Ocwen Reaches $56M Deal In Investors' Suit
Ocwen Financial Corp. announced in a filing with the U.S. Securities and Exchange Commission on Thursday that it has reached a $56 million settlement to resolve a stock-drop suit stemming from the company’s problematic servicing operations. Correction: An earlier version of this story incorrectly identified the case Ocwen was settling. The error has been corrected.
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September 04, 2015
Ocwen, Altisource Securities Fraud Actions Thrown Out
A West Palm Beach, Florida, federal judge on Friday threw out two stock-drop suits against mortgage servicer Ocwen Financial Corp., one of which also named Ocwen spin-off Altisource Portfolio Solutions SA, finding the class action claims tied to regulatory actions in New York fell short of establishing potential securities fraud liability.