Panel Affirms Dismissal Of Securities Suit Against Mortgage Loan Servicer

Mealey's (August 16, 2019, 12:07 PM EDT) -- ATLANTA — An 11th Circuit U.S. Court of Appeals panel on Aug. 15 affirmed a federal district court’s dismissal of a securities class action lawsuit against a mortgage loan servicer and certain of its senior executives, ruling that the district court properly determined that a lead plaintiff failed to sufficiently plead any actionable misrepresentations or omissions in making its federal securities law claims (Karen A. Carvelli, et al. v. Ocwen Financial Corp., et al., No. 18-12250, 11th Cir., 2019 U.S. App. LEXIS 24284)....