NEW YORK, July 2, 2015 (GLOBE NEWSWIRE) — The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of Florida on behalf of investors who purchased Nationstar Mortgage Holdings Inc. (NYSE:NSM) securities between February 27, 2014 and May 4, 2015.
Click here to learn about the case: http://docs.wongesq.com/NSM-Info-Request-Form-786. There is no cost or obligation to you.
The complaint alleges that Nationstar issued materially false and misleading statements. In particular it is alleged that Nationstar made certain positive statements about improving its profitability, however, Nationstar failed to disclose deficiencies in management control and supervision necessary to to ensure the Company’s compliance with applicable laws and regulations in connection with the servicing of MSRs. The complaint further alleges, among other allegations, that Nationstar had been gouging mortgagors and illegally enhancing its profits through illicit practices, including charging for repeated, unnecessary inspections.
– See more at: https://globenewswire.com/news-release/2015/07/02/749459/10140523/en/SHAREHOLDER-ALERT-The-Law-Offices-of-Vincent-Wong-Notify-Investors-of-Class-Action-Involving-Nationstar-Mortgage-Holdings-Inc-and-a-Lead-Plaintiff-Deadline-of-August-3-2015-NSM.html#sthash.QlNzxPQo.dpuf