Levi & Korsinsky announces it has filed a complaint in the USDC for the Middle District of Florida on behalf of shareholders of Walter Investment Management Corp. who purchased shares between May 3, 2016 and March 13, 2017.
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.
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