SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 15, 2014 16:23 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against Flagstar Bancorp, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of November 4, 2014 -- FBC

NEW YORK, NY--(Marketwired - Sep 15, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan on behalf of investors who purchased Flagstar Bancorp, Inc. ("Flagstar" or the "Company") (NYSE: FBC) common stock between January 22, 2014 and August 26, 2014.

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The complaint alleges that throughout the class period, the Company failed to disclose that since 2011 the Company's loss mitigation practices and default servicing operations were not in compliance with various federal consumer financial laws promulgated by the Consumer Financial Protection Bureau. On August 26, 2014, the Company announced it has begun settlement discussions with the Consumer Financial Protection Bureau regarding allegations of violations dating back to 2011.

If you suffered a loss in Flagstar you have until November 4, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510