SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty b...
02 Avril 2014 - 11:35PM
Business Wire
Levi & Korsinsky, LLP is investigating Altisource
Residential Corporation (“RESI”) (NYSE:RESI) in connection with
possible breaches of fiduciary duty stemming from its asset
management agreement with Altisource Asset Management Corporation
(“AAMC”) (NYSE MKT:AAMC). AAMC is controlled by RESI Chairman Bill
Erbey, and members of AAMC also serve as both asset managers and
executives of RESI.
To get more information, click here:
http://zlk.9nl.com/altisource-residential-resi. There is no
cost or obligation to you.
On March 19, 2014, an article by Glaucus Research Group was
featured on SeekingAlpha.com; this article alleged that the
Incentive Fee paid by RESI to AAMC is “at least four to seven times
higher than the compensation received by similarly situated asset
managers, and as such, is a sweetheart deal that will unjustly
enrich insiders with a beneficial stake in AAMC at the expense of
RESI’s shareholders.”
If you own common stock in RESI and wish to obtain additional
information, please contact Eduard Korsinsky, Esq. either via email
at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/altisource-residential-resi.
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, LLPEduard Korsinsky, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 866-367-6510www.zlk.com
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