NEW YORK, Sept. 26, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds purchasers of Altisource Portfolio Solutions SA ASPS between July 25, 2013 and August 4, 2014, of the important November 7, 2014 deadline in the class action.
To join the Altisource class action, go to the website at http://rosenlegal.com/cases-256.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, the Company misstated and/or failed to disclose: (a) the Company was charging exorbitant fees to Ocwen Financial Corp., to enable defendants to funnel as much as $65 million in questionable fees; (b) the Company's chairman was personally involved in approving conflicted 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) as a result the Company's public statements to investors during the Class Period were false and misleading. The lawsuit claims that when these adverse facts entered the market, the price of the Company's stock dropped, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than November 7, 2014. Please visit the website at http://rosenlegal.com/cases-256.html to join. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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