Kessler Topaz Meltzer & Check, LLP Announces Pendency of Class Action on Behalf of Purchasers of Ocwen Financial Corporation Common Stock

FT. LAUDERDALE, Fla., Dec. 27, 2016 /PRNewswire/ --

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
Case No. 14-CIV-81057-WPD

IN RE OCWEN FINANCIAL CORPORATION
SECURITIES LITIGATION

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED OCWEN FINANCIAL CORPORATION COMMON STOCK FROM MAY 2, 2013 THROUGH DECEMBER 19, 2014, INCLUSIVE, AND WERE DAMAGED THEREBY (THE "CLASS")

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of Florida, that the above-captioned action ("Action") against Ocwen Financial Corporation, William C. Erbey and Ronald M. Faris ("Defendants"), has been certified as a class action on behalf of the Class, except for certain persons and entities that are excluded from the Class by definition as set forth in the full printed Notice of Pendency of Class Action ("Notice").  Lead Plaintiff Sjunde AP-Fonden and additional named plaintiff Jay E. Thren have been certified by the Court to represent the Class.

IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THIS LAWSUIT.  The full printed Notice is currently being mailed to known Class Members.  If you have not yet received a full printed Notice, you may obtain a copy by downloading it from the website www.ocwensecuritieslitigation.com, or by contacting the Administrator:

Ocwen Financial Corporation Securities Litigation
c/o A.B. Data, Ltd.
P.O. Box 173027
Milwaukee, WI  53217
(866) 905-8125
info@ocwensecuritieslitigation.com

If you did not receive the Notice by mail, and you are a member of the Class, please send your name and address to the Administrator so that if any future notices are disseminated in connection with the Action, you will receive them.

Inquiries, other than requests for the Notice, may be made to Court-appointed Class Counsel:

Sharan Nirmul, Esq.
Richard A. Russo, Jr., Esq.

KESSLER TOPAZ MELTZER & CHECK, LLP
280 King of Prussia Road
Radnor, PA  19087
Telephone: (610) 667-7706
Facsimile: (610) 667-7056
www.ktmc.com

If you are a Class Member, you have the right to decide whether to remain a member of the Class.  If you choose to remain a member of the Class, you do not need to do anything at this time other than retain your documentation reflecting your transactions in Ocwen common stock.  You will automatically be included in the Class, and you will be bound by the proceedings in this Action, including all past, present and future orders and judgments of the Court, whether favorable or unfavorable.  If you are a Class Member and do not wish to remain a member of the Class, you must take steps to exclude yourself from the Class. 

If you timely and validly request to be excluded from the Class, you will not be bound by any orders or judgments in the Action, and you will not be eligible to receive a share of any money which might be recovered in the future for the benefit of the Class.  To exclude yourself from the Class, you must submit a written request for exclusion postmarked no later than March 20, 2017 in accordance with the instructions set forth in the full printed Notice.  Pursuant to Rule 23(e)(4) of the Federal Rules of Civil Procedure, it is within the Court's discretion as to whether a second opportunity to request exclusion from the Class will be allowed if there is a settlement or judgment in the Action.

Further information may be obtained by contacting the Administrator or visiting the website www.ocwensecuritieslitigation.com.

Please Do Not Call or Write the Court with Questions.

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SOURCE Kessler Topaz Meltzer & Check, LLP