Company: | Flagstar Bancorp, Inc |
Ticker Symbol: | NYSE:FBC |
Class Period: | Jan-22-14 to Aug-26-14 |
Date Filed: | Oct-28-14 |
Lead Plaintiff Deadline: | Dec-27-14 |
Court: | Eastern District of Michigan |
Allegations: |
The complaint alleges that throughout the class period, the Company failed to disclose that since 2011 the Company' loss mitigation practices and default servicing operations were not in compliance with various federal consumer financial laws promulgated by the Consumer Financial Protection Bureau. On August 26, 2014, the Company announced it has begun settlement discussions with the Consumer Financial Protection Bureau regarding allegations of violations dating back to 2011.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.