SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Altisource Portfolio Solutions S.A. & Its ...
October 27 2014 - 3:49PM
Business Wire
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.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
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