The Brualdi Law Firm, P.C. Announces Class Action Lawsuit Against Altisource Residential Corporation
03 Avril 2015 - 12:13AM
The Brualdi Law Firm, P.C. announces that a lawsuit has been
commenced in the United States District Court for the Virgin
Islands on behalf of purchasers of Altisource Residential
Corporation ("Altisource" or the "Company") (NYSE:RESI) securities
during the period between February 7, 2013 and January 23, 2015
(the "Class Period") for violations of federal securities laws.
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. If you purchased Altisource securities during the Class
Period, and wish to move the court for appointment of lead
plaintiff, you must do so by May 26, 2015. A lead plaintiff is a
representative party acting on behalf of other class members in
directing the litigation. The lead plaintiff will be selected from
among applicants claiming the largest loss from investment in the
Company during the Class Period. You do not need to seek
appointment as a lead plaintiff in order to share in any
recovery.
To be a member of the class you need not take any action at this
time, and you may retain counsel of your choice. If you wish to
discuss this action or have any questions concerning this Notice or
your rights or interests with respect to these matters, please
contact The Brualdi Law Firm, P.C. as set forth below.
The Complaint alleges that the Altisource Residential
Corporation made false and/or misleading statements and/or failed
to disclose: (1) the full scope of its reliance on Ocwen Financial
Corporation ("Ocwen"), a related party and the risks relating to
its relationship with Ocwen; and (2) the full scope of its related
party relationship with the Company. The Complaint also alleges
that when the true details entered the market, Altisource's share
price declined and investors suffered damages.
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
CONTACT: Richard B. Brualdi, Esq.
John F. Keating, Jr., Esq.
David Titus, Esq.
The Brualdi Law Firm, P.C.
Telephone: (212) 952-0602
(888) 823-9041
Email: rbrualdi@brualdilawfirm.com
jkeating@brualdilawfirm.com
dtitus@brualdilawfirm.com
Website: www.brualdilawfirm.com
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