NEW YORK, July 9, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Walter Investment Management Corp. ("Walter Investment" or the "Company") (NYSE: WAC) (CUSIP: 93317W102) who purchased Walter Investment common stock between September 4, 2012 and June 7, 2013 (the "Class Period"). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether Walter Investment and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 18, 2013 the Company announced it had material weaknesses in its internal controls concerning its financial reporting. Then on June 7, 2013, the Company revealed it would be restating certain historical financial information concerning Reverse Mortgage Solutions Inc., a mortgage lender it had acquired in 2012.
On this news announcement, Walter Investment shares fell to close at $36.60 per share on June 7, 2013, well below its February 19, 2013 close of $49.61.The Pomerantz Firm, with offices in New York, Chicago, San Diego, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. CONTACT: Robert S. Willoughby Pomerantz Grossman Hufford Dahlstrom & Gross LLP firstname.lastname@example.org