NEW YORK, Oct. 23, 2014 /PRNewswire/ -- Levi &
Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the Southern District of
Florida on behalf of investors who
purchased Altisource Portfolio Solutions S.A. ("Altisource
Portfolio" or the "Company") (Nasdaq: ASPS) common stock between
July 25, 2013 and August 4, 2014.
For more information, click here:
http://zlk.9nl.com/altisource-portfolio-asps.
The complaint alleges that, among other allegations: (a)
Altisource was charging exorbitant fees to Ocwen Financial Corp. to
enable defendants to funnel as much as $65
million in questionable fees; (b) despite representations to
the contrary, the Company's chairman was personally involved in
approving conflicting transactions with Altisource and other
related entities which he controlled; (c) the Company failed to
comply with applicable laws and regulations, including lending
regulations designed to protect homeowners; and (d) the Company
lacked adequate internal and financial controls.
If you suffered a loss in Altisource Portfolio you have until
November 7, 2014 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. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/altisource-portfolio-asps.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP