This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UPCOMING DEADLINE: Levi & Korsinsky, LLP Remins Investors Of Class Action Against Walter Investment Management Corp. And Its Board Of Directors And Lead Plaintiff Deadline Of September 23, 2013

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 Corp. (“Walter” or the “Company”) (NYSE:WAC) commons stock during the period between May 9, 2012 and June 6, 2013.

Click here to learn more about the investigation http://zlk.9nl.com/walter-investment-wac/, or call: 877-363-5972. There is no cost or obligation to you.

The complaint alleges that the Company misrepresented and/or failed to disclose that: a) the Company lacked adequate internal controls over financial accounting; b) the Company’s financial statements contained false and misleading statements; c) the Company failed to disclose material weaknesses in the internal controls of its recent acquisition, Reverse Mortgage Solutions, Inc. (“RMS”); d) the Company had overstated the value of RMS; and e) as a result of the foregoing, all statements at relevant times were materially false and misleading.

On March 18, 2013, the Company disclosed that it had identified a material weakness in its internal control over financial reporting. On this news, the Company’s shares fell 20% to close at $32.98 on March 19, 2013. On June 6, 2013, the Company reported that it had discovered a failure to record certain estimated liabilities to investors relating to servicing error by RMS and, therefore, RMS’ financial statements should no longer be relied upon.

Shareholders of Walter have until September 23, 2013 to seek appointment 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 jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/walter-investment-wac/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs