Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Walter Investment Management Corp. to Contact the Firm -- WAC

Fri Jul 26, 2013 9:30pm EDT

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NEW YORK, July 26, 2013 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Walter Investment Management Corp. ("Walter Investment" or the "Company") (NYSE:WAC) of the September 23, 2013 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain executives.

A complaint has been filed on behalf of all persons who purchased Walter Investment securities between May 9, 2012 and June 6, 2013 (the "Class Period").

The complaint alleges that the Company: (i) did not have adequate internal controls regarding its financial accounting; (ii) issued financial statements that contained false and misleading statements; (iii) did not disclose material weaknesses regarding the internal controls of its acquisition of Reverse Mortgage Solutions, Inc. ("Reverse Mortgage"); and (iv) overstated the value of Reverse Mortgage.

On June 6, 2013, Walter Investment announced that it would be filing restatements of certain historical financial information of Reverse Mortgage. Following this news, the Company's stock price closed at approximately $13, or 26% less than the Class Period high.

Request more information now by clicking here: www.faruqilaw.com/WAC. There is no cost or obligation to you.

Take Action

If you invested in Walter Investment stock or options between May 9, 2012 and June 6, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/WAC. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Walter Investment's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

CONTACT: FARUQI & FARUQI, LLP
         369 Lexington Avenue, 10th Floor
         New York, NY 10017
         Attn: Richard Gonnello, Esq.
         rgonnello@faruqilaw.com
         Francis McConville, Esq.
         fmcconville@faruqilaw.com
         Telephone: (877) 247-4292 or (212) 983-9330