September 4, 2015 / 10:33 PM / 4 years ago

U.S. judge dismissed investor lawsuits over Ocwen compliance problems

(Reuters) - Ocwen Financial Corp on Friday won the dismissal of two securities class actions stemming from compliance problems that resulted in the mortgage collection company agreeing to a $150 million settlement in 2014 with New York’s financial regulator.

U.S. District Judge William Dimitrouleas in Fort Lauderdale, Florida, dismissed a lawsuit by Ocwen shareholders seeking to recover losses sustained from alleged false statements the company made about its business practices and regulatory compliance, among other issues.

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