NYSE:WAC Investor Alert: Investigation Under Walter Investment Management Corp

An investigation for investors in Walter Investment Management Corp (NYSE:WAC) shares over potential securities laws violations by Walter Investment Management was announced and NYSE:WAC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

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San Diego, CA -- (SBWire) -- 06/24/2013 --An investigation on behalf of investors, who purchased shares of Walter Investment Management Corp (NYSE:WAC), was announced concerning potential securities laws violations by Walter Investment Management certain of its directors and officers in connection certain financial statements made between September 4, 2012 and June 7, 2013.

Investors who purchased shares of Walter Investment Management Corp (NYSE:WAC) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Walter Investment Management Corp (NYSE:WAC) concerning whether a series of statements by Walter Investment Management regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Walter Investment Management Corp reported that its annual Total Revenue rose from $177.62 million in 2010 to $392.62 million in 2011 and that its Net Income of $37.07 million in 2010 declind to $66.40 million in 2011.

Shares of Walter Investment Management Corp (NYSE:WAC) grew from $13.58 per share in eraly 2010 to as high as $48.81 per share in February 2013.

Then on March 18, 2013, Walter Investment Management Corp announced its results for the fourth quarter and fiscal year 2012 results. Among other things, Walter Investment Management Corp also issued its guidance for 2013.

Shares of Walter Investment Management Corp (NYSE:WAC) declined from $48.95 per share on March 5, 2013 to $32.49 per share in March 22, 2013.

Then on June 6, 2013, on June 6, 2013, Walter Investment Management Corp disclosed in a filing with the SEC that it would be restating certain previously-disclosed historical financial information for Reverse Mortgage Solutions, Inc.

On June 21, 2013, NYSE:WAC shares closed at $33.66 per share.

Those who purchased shares of Walter Investment Management Corp (NYSE:WAC), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Trevor Allen
General Manager
Shareholders Foundation, Inc.
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/271135