Abraham Fruchter Picked To Lead Fla. Ocwen Investor Suit

Law360, New York (July 14, 2017, 3:06 PM EDT) -- The fight for the right to lead a proposed class of investors accusing Ocwen Financial Corp. of issuing misleading statements about its regulatory compliance is over after a Florida federal judge Friday appointed Abraham Fruchter & Twersky LLP to lead the litigation.

A full four firms had battled to lead the proposed class action, but ultimately U.S. District Court Magistrate Judge James H. Hopkins sided with Abraham Fruchter — counsel from the University of Puerto Rico Retirement System — finding the firm’s pedigree and experience gave...
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