| Company: | Walter Investment Management Corp. |
| Ticker Symbol: | WAC |
| Class Period: | May-9-12 to Feb-26-14 |
| Date Filed: | Mar-10-14 |
| Lead Plaintiff Deadline: | May-9-14 |
| Court: | Southern District of Florida |
| Allegations: | |
According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate internal controls over financial accounting and compliance with applicable laws; (2) the Company's internal controls were not effective; (3) the Company's financial statements contained false and misleading statements; (4) the Company had failed to disclose material weaknesses in the internal controls of RMS; (5) the Company had overstated the value of its RMS acquisition; (6) the Company was in violation of applicable law, rules and regulations; (7) the Company's business practices violated consumer financial protection laws and jeopardized the Company's revenues and profits were at risk; and, (8) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times. When these true facts entered the market in a series of partial disclosures, the price of Walter Investment securities dropped, damaging investors.
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.
