Home Loan Servicing Solutions, Ltd. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by New Residential Investment Corp.
February 24, 2015
Bernstein Liebhard LLP is investigating whether the Board of Directors of Home Loan Servicing Solutions, Ltd. (“HLSS” or the “Company”) (NASDAQ: HLSS) breached its fiduciary duty to its shareholders in agreeing to sell HLSS to New Residential Investment Corp. (NYSE:NRZ).
Under the terms of the agreement, HLSS shareholders will receive $18.25 in cash for each share they own. The investigation is focused on the potential unfairness of the price to HLSS shareholders and the process by which the HLSS Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.