Walter Investment Management Corp
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The Pawar Law Group announces it is investigating potential securities claims on behalf of shareholders of Walter Investment Management Corp. (WAC) resulting from allegations that the Company may have issued materially misleading business information to the investing public.
On March 14, 2017, Walter disclosed that “[a]s of December 31, 2016, we identified a material weakness in internal controls over operational processes within the transaction level processing of Ditech Financial default servicing activities.” Walter also disclosed that it subsidiary, RMS, received a subpoena from the Office of Inspector General of HUD dated January 12, 2017 “requesting certain documents and information relating to the origination and underwriting of certain specified loans.” Walter further disclosed that the investigation, which is being conducted in coordination with the U.S. Department of Justice, Civil Division, could lead to a demand or claim under the False Claims Act, which allows for penalties and treble damages, or other statutes. On this news, shares of Walter fell sharply during intraday trading on March 14, 2017.
Our investigation concerns whether the Company issued false and misleading statements to investors causing investor losses. If you own Walter shares and wish to learn how to protect your investment and recover your losses in Walter stock, please visit http://pawarlawgroup.com/cases/walter-investment-management-corp/ or contact Vik Pawar at 212-571-0805.
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938