The Shuman Law Firm Investigates Lender Processing Services, (LPS) Inc.
The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Lender Processing Services, Inc. (“LPS” or the “Company”) (NYSE: LPS). LPS provides integrated technology and outsourced services to the mortgage lending industry in the United States.
The firm’s investigation primarily concerns allegedly illegal activity that occurred at LPS’s subsidiary, DocX LLC (“DocX”) from 2007 through 2010. On August 2, 2012, the Missouri Attorney General’s office announced a settlement with LPS of criminal charges of forgery and making false statements by DocX and DocX’s former president. These charges arose out of the mortgage document surrogate signing scandal (robo-signing) which became public in 2010. As a part of the settlement, LPS agreed to pay the state of Missouri $2 million.
LPS has also entered into a separate consent order with the Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency that requires LPS to allow an independent, third-party consultant to conduct a review of document execution services provided by subsidiaries of LPS, such as DocX, between January 1, 2008, and December 31, 2010.
If you currently own LPS common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at firstname.lastname@example.org or email Mr. Glenn at email@example.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
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