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NEW YORK, June 4, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Nationstar Mortgage Holdings Inc. ("Nationstar") (NYSE:NSM) between February 27, 2014 and May 4, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of Florida. If you purchased or otherwise acquired Nationstar shares between February 27, 2014 and May 4, 2015, your rights may be affected by this action. To get more information go to:
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.
If you suffered a loss in Nationstar you have until August 3, 2015 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comNEXT ARTICLE