NEW YORK–(BUSINESS WIRE) – Scott + Scott Lawyers LLP (“Scott + Scott”), an international securities and consumer litigation firm, is investigating whether certain directors and officers of Mr. Cooper Group Inc. (“Mr. Cooper”) (NASDAQ: COOP) have violated their duty of loyalty to Mr. Cooper and his shareholders. If you are a Mr. Cooper shareholder, please contact Attorney Joe Pettigrew at 844-818-6982 or [email protected] for additional information toll-free.
Scott + Scott is investigating whether Mr. Cooper’s board of directors or senior management did not conduct Mr. Cooper in an acceptable manner in breach of their fiduciary duties to Mr. Cooper and whether Mr. Cooper was harmed as a result.
On April 24, 2018, the Consumer Financial Protection Bureau (the “CFPB”) notified Nationstar Mortgage Holdings Inc. (“Nationstar”), the predecessor of Mr. Cooper, of an investigation into Nationstar’s mortgage practices from 2012 to 2015 under several federal agencies bylaws . On December 8, 2020, the CFPB, working with 50 attorneys general and 53 state mortgage regulators, announced a $ 91 million settlement with Mr. Cooper to resolve the investigation.
What you can do
If you were a Nationstar Shareholder and remain a Mr. Cooper Shareholder, you may have legal claims against the directors and officers of Mr. Cooper. To discuss this investigation or if you have any questions about this notice or your statutory rights, please contact Attorney Joe Pettigrew toll-free at 844-818-6982 or [email protected]
About Scott + Scott
Scott + Scott has extensive experience pursuing key securities, antitrust, and consumer law litigation in the United States. The company represents pension funds, foundations, individuals and other companies worldwide with offices in New York, London, Amsterdam, Connecticut, California and Ohio.