Violations of federal securities laws as a result of a series of materially false statements. The Complaint alleges that Altisource made false and/or misleading statements and/or failed to disclose: (1) the full scope of its reliance on Ocwen Financial Corporation, a related party, and the risks associated to its relationship with Ocwen; and (2) the full scope of its related-party relationship with Altisource. According to the Complaint, when the true details entered the market, Altisource's share price declined and investors suffered damages. Filed in D.V.I.
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