Cases
Walter Investment Management Corp. (NYSE: WAC)
Securities Class Action
Overview
Overview
- Date:
- 3/19/2019
- Company Name:
- Walter Investment Management Corp.
- Stock Symbol:
- WAC
- Class Period:
- FROM 5/3/2016 TO 3/13/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern Florida
Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of Florida on behalf of all persons or entities who purchased or otherwise acquired Walter Investment Management Corp. (NYSE: WAC) securities between May 3, 2016 and March 13, 2017 (the “Class Period”). Investors have until May 15, 2017, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Walter had a material weakness in its internal controls over financial reporting. As a result, Defendants’ statements about Walter’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis throughout the Class Period.
On March 14, 2017, Walter disclosed that there was material weakness in internal controls over financial reporting for the year ended December 31, 2016. Following this news, shares of Walter fell $1.05 per share, or over 38%, to close at $1.65 per share on March 14, 2017.
If you purchased or otherwise acquired Global Eagle securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Walter had a material weakness in its internal controls over financial reporting. As a result, Defendants’ statements about Walter’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis throughout the Class Period.
On March 14, 2017, Walter disclosed that there was material weakness in internal controls over financial reporting for the year ended December 31, 2016. Following this news, shares of Walter fell $1.05 per share, or over 38%, to close at $1.65 per share on March 14, 2017.
If you purchased or otherwise acquired Global Eagle securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.