Securities Class Action Filed Against Altisource Residential Corporation
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.
Lead Plaintiff Deadline: The deadline to file for lead plaintiff in this action is 5/26/2015.
Join This Action: To apply to join this action and be represented by Shepherd, Finkelman, Miller & Shah, LLP, please click here for a certification form to submit your information.
Send Us Information: If you have information about this action that you would like to provide us, please click here.