NEW YORK — The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired shares of Walter Investment Management Corp. (“Walter Investment”) (NYSE:WAC) between May 3, 2016 and March 13, 2017. You are hereby notified that Levi & Korsinsky has commenced the class action Petrovets v. Walter Investment Management Corp., et al. (Case No. 8:17-cv-00695-RAL-AEP) in the USDC for the Middle District of Florida. Click here to view the complaint. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. 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.
Take Action: 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.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com