An investigation on behalf of investors in PHH Corporation (NYSE:PHH) shares over potential wrongdoing at PHH Corporation was announced and NYSE:PHH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/20/2015 -- An investigation on behalf of current long-term investors in shares of PHH Corporation (NYSE:PHH) shares was announced over potential breaches of fiduciary duties by certain officers and directors at PHH.
The Consumer Financial Protection Bureau's director concluded that PHH Corp. allegedly illegally took kickbacks in exchange for referring consumers to mortgage insurers and ordered it to pay $109 million.
Investors who purchased shares of PHH Corporation (NYSE:PHH) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain PHH officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
PHH Corporation reported that its annual Total Revenue declined from over $1.38 billion in 2013 to $769 million in 2014 and that its Net Income of $135 million in 2013 declined to $81 million in 2014.
Shares of PHH Corporation (NYSE:PHH) grew from $10.52 per share in December 2011 to as high as $27.77 per share in June 2015.
On July 17, 2015, NYSE:PHH shares closed at $25.88 per share.
Those who purchased shares of PHH Corporation (NYSE:PHH) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego