SHAREHOLDER ALERT: Investigation on Behalf of Investors of Altisource Residential Corporation Announced by Law Offices of Howard G. Smith

BENSALEM, Pa.--()--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Altisource Residential Corporation (“Altisource Residential” or the “Company”) (NYSE:RESI) concerning possible violations of federal securities laws. The investigation is focused on certain statements issued by Altisource Residential concerning the Company’s business and financial condition. Altisource Residential, through its wholly-owned subsidiary, Altisource Residential, L.P., is engaged in acquiring, owning and managing single-family rental properties in the United States.

On December 22, 2014, Altisource Residential shares dropped $1.37 below their previous closing price after the Company announced that William C. Erbey will be stepping down as Chairman of the Board of Directors of Altisource Residential effective January 16, 2015. Erbey also stepped down from his post as executive chairman of Ocwen Financial Corporation following an investigation by New York State regulatory authorities that alleged conflicts of interests involving financial transactions involving Ocwen and related companies with financial ties to Ocwen, including Altisource Residential, Altisource Portfolio Solutions S.A. and Home Loan Servicing Solutions, Ltd. (HLSS).

On January 23, 2015, Forbes reported that BlueMountain Capital Management delivered a notice of default against HLSS Servicer Advance Receivables Trust on the notes BlueMountain Capital owns that were issued in connection the Trust, citing Ocwen’s regulatory problems, among other recent actions, that “materially increase the risk of loss on the Notes that are collateralized by receivables affected by Ocwen’s standing as a servicer.”

If you purchased Altisource Residential shares, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com