A team of lawyers from Kramer Levin Naftalis & Frankel and Greenberg Traurig on Friday won dismissal of two securities fraud class actions against mortgage servicer Ocwen Financial Corp.
The company was sued in U.S. District Court for the Southern District of Florida by pension funds and other shareholders. Ocwen’s stock price dropped 63 percent between February 5, 2014 and December 22, 2014 following an investigation by the New York Department of Financial Services.
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