Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision 
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
IRVINE, Calif., April 24, 2017 -- Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Walter Investment Management Corp. (“Walter” or the “Company”) (NYSE:WAC). Investors who purchased or otherwise acquired the Company’s shares between May 3, 2016 and March 13, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the May 15, 2017 lead plaintiff motion deadline.
If you purchased Walter shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint states that during the Class Period, Walter made false and/or misleading statements and/or failed to disclose: that the Company’s subsidiary Ditech had a material weakness in its internal control over operational processes; that the Company lacked effective internal controls over financial reporting; and that as a result of the above, Walter’s public statements were materially false and misleading at all relevant times. On March 14, 2017, Walter filed its Annual Report on Form 10-K with the Securities and Exchange Commission, reporting the Company’s financial and operating results for the quarter and year ended December 31, 2016. 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.”
If you wish to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
