July 21, 2017
Ocwen Financial Corp. announced in a filing with the U.S. Securities and Exchange Commission on Thursday that it has reached a $56 million settlement to resolve a stock-drop suit stemming from the company’s problematic servicing operations. Correction: An earlier version of this story incorrectly identified the case Ocwen was settling. The error has been corrected.
September 04, 2015
A West Palm Beach, Florida, federal judge on Friday threw out two stock-drop suits against mortgage servicer Ocwen Financial Corp., one of which also named Ocwen spin-off Altisource Portfolio Solutions SA, finding the class action claims tied to regulatory actions in New York fell short of establishing potential securities fraud liability.