Ocwen offering indemnification to company directors and executive officers
Is more legal trouble imminent?
Housing Wire-By its own admission, Ocwen Financial (OCN) is facing 21 pending investigations in 15 different states, is currently facing delisting by New York Stock Exchange for delaying the release of its annual report, and has run afoul of investors and homeowners alike.
Either in spite of or because of those issues, Ocwen said Thursday that it is offering indemnification agreements to each of the company’s directors and executive officers.
Ocwen disclosed the pending indemnification agreements in a filing with the Securities and Exchange Commission.