NEW YORK, Oct. 29, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Eastern District of Michigan on behalf of investors who purchased Flagstar Bancorp, Inc. ("Flagstar" or the "Company") (NYSE:FBC) common stock between January 22, 2014 and August 26, 2014.
Click here to learn about the case: http://docs.wongesq.com/FBC-Info-Request-Form-448. There is no cost or obligation to you.
The complaint alleges that throughout the class period, the Company failed to disclose that since 2011 the Company's loss mitigation practices and default servicing operations were not in compliance with various federal consumer financial laws promulgated by the Consumer Financial Protection Bureau. On August 26, 2014, the Company announced it has begun settlement discussions with the Consumer Financial Protection Bureau regarding allegations of violations dating back to 2011.
If you suffered a loss in Flagstar you have until November 4, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/FBC-Info-Request-Form-448.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: firstname.lastname@example.orgSource:The Law Offices of Vincent Wong