Ocwen Financial loses $13M verdict
Consumers Fight Back and WIN!

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

Connected Information

Bioheart obtains $4M expense

Ohiois Dohan & Co. Censured by SEC

HearUSA wavers on spending Siemens mortgage

Fraud presumably focused Haitian-Americans

Jordan John brains to Merin Hunter Codman

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

Spread the term their is Wish!

Company: Ocwen Financial loses $13M verdict
Country: USA

  <     >