Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the United States District Court for the District of the Virgin Islands on behalf of shareholders who purchased or otherwise acquired shares of Altisource Residential Corporation (NYSE: RESI) between February 7, 2013 and January 23, 2015.
On December 22, 2014, Altisource announced that William C. Erbey would step down as Chairman of the Board of Directors; Erbey also stepped down from his post as executive chairman of Ocwen Financial Corporation following an investigation by New York regulatory authorities that alleged conflicts of interest involving financial transactions involving Ocwen and related companies with financial ties to Ocwen, including Altisource, Altisource Portfolio Solutions S.A., and Home Loan Servicing Solutions, Ltd. If you suffered a loss in Altisource you have until May 26, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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