Ocwen Financial drops $13M consensus
Ocwen Financial drops $13M consensus
South Florida Business Log - by Brian Bandell
Day: Monday, September 27, 11:53am EDT
Associated:
Bank & Financial Services
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Ocwen Financial Corp. Said it dropped a $12.7 million court award associated with its former bank part.
Cartel Asset Management introduced the situation from the West Palm Beach-centered mortgage servicing organization (NYSE: OCN) and Ocwen Loan Providers, the heir to its former savings establishment, Ocwen Federal Bank. The seller charged them of misappropriation of industry strategies and breaking its agreement.
The test began Sept. 13 in U.S. District Court in Colorado.in a Securities and Exchange Commission processing on Friday, Ocwen stated the court delivered a $12.7 million judgment against it for real and punitive damages. Curiosity and plaintiff’s appropriate costs might be included along with that.
“Ocwen is analyzing article-verdict authorized treatments regarding the the consensus, ” the organization mentioned in a media release.
Read more: Ocwen Financial drops $13M consensus|South Florida Business Log
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