NEW YORK, March 14, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Walter Investment Management Corp. ("Walter" or the "Company") (NYSE: WAC). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wac.
The investigation concerns whether Walter and certain of its officers and/or directors for potential violations of the federal securities laws.
On March 14, 2017, Walter revealed that it had received a subpoena from HUD Inspector General for documents and information relating to origination and underwriting of certain specified loans, that the Justice Department's Civil Division is directing the investigation, and there is a possibility of a demand or a claim under the False Claims Act. Walter also unveiled a material weakness for its Ditech unit, which it is correcting. Following this news, Walter stock has dropped over $1.10 per share, or over 40%, during intraday trading on March 14, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Walter, you can assist this investigation by visiting the firm's site: www.bgandg.com/wac. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC
