An investigation on behalf of investors in Home Capital Group Inc shares over potential wrongdoing at Home Capital Group Inc was announced and OTCMKTS:HMCBF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/15/2017 -- Home Capital Group Inc is under investigation over potential securities laws violations. The investigation was announced for investors in shares of Home Capital Group Inc (OTCMKTS:HMCBF) over potential securities laws violations and also breaches of fiduciary duties by certain officers and directors at Home Capital Group Inc.
Investors who purchased shares of Home Capital Group Inc (OTCMKTS:HMCBF), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of HOME CAPITAL GROUP COM NPV (OTCMKTS:HMCBF) concerning whether a series of statements by Home Capital Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Toronto based Home Capital Group Inc. is a Canada-based holding company, which operates primarily through its subsidiary, Home Trust Company, that through its subsidiary, offers residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card products.
On February 10, 2017, Home Capital Group Inc. disclosed that the Ontario Securities Commission has reached the preliminary conclusion that Home Capital Group Inc. failed to meet its continuous disclosure obligations" in 2014 and 2015 and served an enforcement notice on Home Capital Group Inc. The enforcement notice is related to Home Capital Group's disclosure in 2015 of the discovery that some information on loan applications had been falsified and the subsequent remedial taken in response.
On March 27, 2017, Home Capital Group Inc announced the departure of the Company's Chief Executive Officer ("CEO") Martin Reid.
On April 19, 2017, , the Ontario Securities Commission alleged that Chief Financial Officer ("CFO") Robert Morton and two former CEOs of Home Capital Group Inc, Gerald Soloway and Martin Reid, had unlawfully misled shareholders of the Company during their respective tenures.
On April 24, 2017, Home Capital Group Inc announced that Gerald Soloway, the Company's founder, was resigning from Home Capital's board, and that CFO Robert Morton would be reassigned to a new role within the Company.
On April 26, 2017, Home Capital Group Inc disclosed that the Company was seeking a $2 billion line of credit to backstop a significant decline in deposits at its Home Trust subsidiary.
Shares of HOME CAPITAL GROUP COM NPV (OTCMKTS:HMCBF) declined on May 8, 2017 to as low as $3.80 per share.
Those who purchased shares of HOME CAPITAL GROUP COM NPV have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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