NEW YORK, April 03, 2017 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Middle District of Florida on behalf of investors who purchased Walter Investment Management Corp. (“Walter Investment Management”) (NYSE:WAC) securities between May 3, 2016 and March 13, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sa/walter-investment-management-corp. There is no cost or obligation to you.
The complaint alleges that throughout the class period Walter Investment made materially false and misleading statements about its financial condition, largely because: (1) the Company was involved in fraudulent practices that violated the False Claims Act; (2) the Company’s Ditech subsidiary had a material weakness in its internal control over operational processes; and (3) resultantly, the Company lacked adequate internal controls over financial reporting.
If you suffered a loss in Walter Investment you have until May 15, 2017 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 Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sa/walter-investment-management-corp.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.