U.S. Court of Appeals for the Eleventh Circuit
University of Puerto Rico Retirement System v. Ocwen Financial Corporation
This writing
- Type
- Opinion
- Filed
- Aug. 15, 2019
- Case
- University of Puerto Rico Retirement System v. Ocwen Financial Corporation
- Case status
- Decided
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Opening text
The first passage of the document, as extracted by the source provider.
NEWSOM, Circuit Judge: The University of Puerto Rico Retirement System purchased Ocwen Financial Corporation common stock at an allegedly inflated price after a series of statements by Ocwen's officers implied that the company would emerge from a regulatory mess. When Ocwen's stock price instead began to fall, the Retirement System brought a private securities-fraud action under §§ 10…
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