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SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Nationstar Mortgage Holdings Inc. to Contact Brower Piven Before the Lead Plaintiff Deadline in Class Action Lawsuit -- NSM

20:00 EDT 7 Jun 2015 | Globe Newswire

STEVENSON, Md., June 08, 2015 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Florida on behalf of purchasers of Nationstar Mortgage Holdings Inc. (“Nationstar” or the “Company”) (NYSE:NSM) common stock during the period between February 27, 2014 and May 4, 2015, inclusive (the “Class Period”).  Investors who wish to become proactively involved in the litigation have until August 3, 2015 to seek appointment as lead plaintiff.

If you have suffered a loss from investment in Nationstar common stock purchased on or after February 27, 2014 and held through the revelation of negative information during and/or at the end of the Class Period, as described below, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.  You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.  No class has yet been certified in the above action.  Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.

If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court.  The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action.  The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Company common stock during the Class Period.  Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period deficiencies in management control and supervision necessary to ensure the Company’s compliance with applicable laws and regulations in connection with the servicing of MSRs, and that Nationstar had been gouging mortgagors and illegally enhancing its profits through illicit practices, such as charging for repeated, unnecessary inspections, which resulted in additional late payment fees, and pressuring mortgagors to carry out expensive modifications and refinances on their mortgages.

According to the complaint, following the Company’s November 5, 2014 announcement of a revenue decline in its 3rd Q 2014, a January 2015 announcement that the Company was named in a federal racketeering class action, a March 24, 2015 announcement that a secondary stock offering would be priced over $1.50 less than its trading price, and a May 5, 2015 announcement by the Company that the Company suffered a substantial loss for its 1st Q 2015 rather than substantial earnings, the value of Nationstar shares declined significantly.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.  If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.  You need take no action at this time to be a member of the class.

Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com

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