NEW YORK, May 15, 2015 /PRNewswire/ -- Faruqi & Faruqi,
LLP, a leading national securities law firm, is investigating
potential securities fraud at Altisource Residential Corporation
("Altisource Residential" or the "Company") (NYSE: RESI).
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
the existence of conflicts of interest involving the Company, its
financial transactions with Ocwen, and certain transactions with
other related entities.
On December 22, 2014, Altisource
announced that William C. Erbey
would step down as Chairman of the Board of Directors. Erbey
also stepped down from his post as executive chairman of Ocwen
Financial Corporation following an investigation by New York regulatory authorities that alleged
conflicts of interest involving financial transactions with Ocwen
and related companies, including Altisource, Altisource Portfolio
Solutions S.A., and Home Loan Servicing Solutions, Ltd.
Request more information now by clicking here:
www.faruqilaw.com/RESI. There is no cost or obligation to
you.
Take Action
If you invested in Altisource Residential stock or options
between February 7, 2013 and
January 23, 2015 and would like to
discuss your legal rights, visit www.faruqilaw.com/RESI. You
can also contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding
Altisource Residential's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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