An investigation on behalf of investors, who currently hold shares of PHH Corporation (NYSE:PHH), was announced concerning whether the takeover of PHH Corporation by Ocwen Financial Corporation is unfair to NYSE:PHH stockholders.

The investigation by a law firm concerns whether certain officers and directors of PHH Corporation breached their fiduciary duties owed to NYSE:PHH investors in connection with the proposed acquisition.

On February 27, 2018 , PHH Corporation (NYSE: PHH) announced that it has entered into an agreement in which Ocwen Financial Corporation (NYSE: OCN) will acquire all of the Companys outstanding shares of common stock in an all cash transaction valued at $360 million, or $11.00per fully-diluted share.

However, given that NYSE:PHH shares reached as high as $27.59 per share in 2015, the
investigation concerns whether the offer is unfair to NYSE:PHH stockholders. More specifically, the investigation concerns whether the PHH Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.